I fully agree with your overarching bullish perspective on USD/CHF, and I find your tactical approach to navigating the interim bearish sentiment to be prudent. I believe that sidestepping the current selling pressure in favor of awaiting clearer long-term entries is a wise strategy, and I share your analytical focus on the daily chart for confirmation. I observe that the MA100 is moving parallel to the floor, which I interpret as a clear signal of a flat or ranging mood dominating the weekly timeframe. I see this horizontal alignment as a crucial piece of context, indicating that any strong directional impulse is currently on hold. Furthermore, I analyze the Bollinger Bands and note that they are also following this flat mood, with all three bands running parallel to each other and to the floor. I consider the absence of a key moving average between these bands, which you pointed out, to be particularly telling; I understand this to mean the pair currently lacks a guiding force and is predisposed to zigzag within the established channel {"data-align":"none","data-size":"large","data-tempid":"temp_5149526_1768442725258_753"} Given this structure, I anticipate that since the price has recently touched the upper Bollinger Band, we are now poised for a move toward the lower band. I view this not as the onset of a new bearish trend, but rather as a corrective dip within a broader consolidation. I am closely monitoring the market’s position under the flags of a global buy signal from the indicator you mentioned, Semafor. I see that the price action has managed to push a candle beyond the lower Bollinger Band, which I read as a potentially exhaustive move. I interpret this breach as a sign that the bears may have completed their immediate plans and could be preparing to exit the market, thereby ceding ground to the bulls. Therefore, I plan to patiently skip the anticipated decline, which I would expect to find solid support around the 0.7975 level. I will watch for clear signs of stabilization and bullish reversal at that juncture. From that support zone, I intend to diligently keep my eye on strategic buy entries for the anticipated long-term upward resumption, aligning my actions with the broader bullish trajectory we both foresee once this congestive phase concludes.
