USD/CHF – Liquidity Before the Next Move?US Dollar vs Swiss FrancPEPPERSTONE:USDCHFShaboS**USD/CHF – Liquidity Before the Next Move?** USD/CHF is currently presenting an interesting price action setup. On **July 13**, the pair broke above a significant swing high before reversing sharply to the downside. This suggests that **buy-side liquidity** above the highs may have been taken before sellers stepped in. During the decline, two notable swing highs were formed. These now stand out as potential **buy-side liquidity**. The higher of the two is located within the **Optimal Trade Entry (OTE)** zone, making it a potential magnet before the market resumes its bearish move. On the downside, the lows from **July 2** and **July 3** are almost equal, creating an obvious **sell-side liquidity pool**. **My preferred scenario:** A retracement into the OTE zone to sweep the buy-side liquidity above, followed by a move lower toward the equal lows from July 2 and July 3. From an ICT perspective, this would represent a classic liquidity sequence: **first collect liquidity on one side of the market, then target the liquidity resting on the opposite side.** If price reaches those equal lows, institutional traders may use that liquidity to distribute or close parts of their short positions by selling into the incoming orders. Once that liquidity has been taken, the market could be in a position to stage a meaningful bullish reversal. As always, this is **a trading scenario, not a prediction**. I will let price action confirm the idea before taking any position. **Plan the trade. Let the market validate it.**