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Lingrid | USDCHF Compressed Range Creates Bullish Setup

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USDCHF remains supported inside ascending structure, with price holding above the trendline after completing a healthy pullback. The previous impulsive leg produced a clear higher high, and current consolidation near the 0.8050 swap zone suggests buyers are absorbing supply rather than distributing. Compression under resistance signals growing upside pressure.

As long as price respects the trendline and holds above 0.8050, the bullish setup stays valid. A clean push higher opens the door for a continuation toward the 0.8090 resistance area, aligned with the recent higher high.

➡️ Primary scenario: hold above 0.8050 → continuation toward 0.8090
⚠️ Risk scenario: breakdown below the trendline invalidates the bullish setup
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!

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