Lingrid | USDCHF Structure Based Trade SetupFX:USDCHF is trading near the upper boundary of its multi-week range, testing the resistance zone at 0.8050–0.8060. Price action shows repeated rejections from this area while maintaining a higher-low structure supported by an ascending trendline. A short-term pullback toward 0.7980 could occur before any possible bullish attempt. Overall, the pair remains range-bound with momentum gradually tightening under resistance.
⚠️ Risks:
Unexpected FOMC statement volatility could shift USD sentiment.
A breakout above 0.8060 may invalidate the short-term pullback view.
Weak U.S. macro data could accelerate downside pressure toward 0.7870.
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
