𝗨𝗦𝗗/𝗖𝗛𝗙 – 𝗪𝗵𝗮𝘁 𝗶𝘀 𝘁𝗵𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 𝘁𝗲𝗹𝗹𝗶𝗻𝗴US Dollar vs Swiss FrancPEPPERSTONE:USDCHFShaboS𝗧𝗿𝗮𝗱𝗲 𝟱 𝗣𝗹𝗮𝗻 – 𝗣𝗿𝗼𝗽 𝗧𝗿𝗮𝗱𝗶𝗻𝗴 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲 𝗨𝗦𝗗/𝗖𝗛𝗙 – 𝗪𝗵𝗮𝘁 𝗶𝘀 𝘁𝗵𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 𝘁𝗲𝗹𝗹𝗶𝗻𝗴 𝘂𝘀? The USD remains bearish. Therefore, my bias for **USD/CHF remains bearish** as well. Out of all the major pairs, USD/CHF currently shows the most interesting price action to me. 𝗪𝗵𝘆? During Thursday's London session, price broke market structure to the downside. Following the FOMC news in the evening, price pushed even further south. On Friday, we saw a retracement higher. At the end of the week, price is now consolidating. Below current price, we have **equal lows** – potential sell-side liquidity. For the coming week, I see two possible scenarios. 𝗦𝗰𝗲𝗻𝗮𝗿𝗶𝗼 𝟭 – 𝗺𝘆 𝗽𝗿𝗲𝗳𝗲𝗿𝗲𝗻𝗰𝗲 🟢 Price initially breaks out of the consolidation to the upside. On the way up, we have **buyside liquidity**. Above that sits the open **H1 FVG**. My expectation is that price first takes the buyside liquidity and then moves into extreme premium – around the **0.79 Fibonacci level** – while filling the open H1 FVG. If price reacts there and gives bearish confirmation, I will look for a **short back towards the equal lows**. 𝗦𝗰𝗲𝗻𝗮𝗿𝗶𝗼 𝟮 – 𝗮𝗹𝘁𝗲𝗿𝗻𝗮𝘁𝗶𝘃𝗲 🔵 Price initially breaks out of the consolidation to the downside and takes the **equal lows**. If we then get a **bullish MSS**, I will look for a long towards the open **H1 FVG**. 𝗠𝘆 𝗽𝗿𝗲𝗳𝗲𝗿𝗲𝗻𝗰𝗲 𝗶𝘀 𝗦𝗰𝗲𝗻𝗮𝗿𝗶𝗼 𝟭. But a preference is not a prediction. 𝗧𝗵𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 𝗱𝗲𝗰𝗶𝗱𝗲𝘀. I will wait for liquidity to be taken and for price action to confirm the direction. 𝗡𝗼 𝗥𝗮𝗶𝗱. 𝗡𝗼 𝗧𝗿𝗮𝗱𝗲. 𝗧𝗿𝗮𝗱𝗲 𝟱 𝗶𝘀 𝗽𝗹𝗮𝗻𝗻𝗲𝗱. Now we wait.