FX.co ★ Konnect2fx | USD/CHF

I am firmly focused on the USD/CHF pair with an exclusive growth perspective, and I am consciously ruling out any strategy that involves selling options, as my conviction lies solely in buying opportunities. I am acutely aware, however, that for me to confidently enter a long position, I require significant market depth and a clear test of established, reliable technical benchmarks, which I find completely absent in the current trading zone. I consider the present price action to be wholly unattractive for initiating the bullish stance I am contemplating, as it lacks the foundational support I deem necessary for a sustainable move I have conducted a thorough analysis of the USD/CHF on the daily timeframe, and I must conclude that this major currency pair does not encourage my bullish thesis at this very moment, despite its recent upward attempts. I see its current endeavor to extend the recent growth as precarious and lacking in substantive momentum. I need to witness a return to the broader 0.78 price pattern to gather the confirmatory evidence I seek for a viable entry. I would be significantly more convinced by a retest of the local low at 0.7828, though I acknowledge that a decline into the broader 0.7870-0.7850 support zone might provide the necessary foundation for my planned trade.

I hold the opinion that this corrective scenario seems quite likely from a technical standpoint, as I believe the recent ascent requires consolidation and validation from these key levels. I base this on my reading of market structure and the principle that sustainable trends often retrace to gather strength before their next leg. I suspect, however, with a degree of caution, that the broader market may have other, more complex plans for this major pair that could temporarily invalidate my expectations. I am mindful of the fundamental forces, including shifting central bank policy differentials and risk sentiment flows, that could propel the pair contrary to my technical foresight Therefore, I am maintaining a patient and watchful stance, as I refuse to force a trade that does not meet my stringent criteria for depth and reliability. I will continue to monitor the price action closely for the signs I have outlined, ready to act only when my conditions are met. I understand that discipline is paramount in this scenario, even if it means missing preliminary moves, because I prioritize a high-probability setup over a hasty entry. I am prepared for the possibility that the market may indeed rally from here without the retest I desire, but I am convinced that my strategy of waiting for a stronger base is the correct approach for my risk management and growth objectives. Ultimately, I trust my analytical process, but I remain humble before the market's unpredictable nature, knowing my plans are always subject to its vast and unknowable currents.