USDCHF Trade Idea - Bullish Bias### **📈 USDCHF Trade Idea - Bullish Bias**
**🔍 Market Outlook:**
I am considering **USDCHF bullish** based on the following confluences:
✅ **Bullish Monthly Outlook:** The pair is showing strong bullish potential, aligning with **monthly IRL (Initial Range Low)** to **ERL (External Range Liquidity)**. 📅
✅ **Bullish Trend Continuation:** Price action suggests a continuation of the **bullish trend**, with solid momentum. 🚀
✅ **Break of Structure (BOS):** Recent breaks above significant resistance levels signal the possibility of further upside. 📊
✅ **SMC Confirmation:** Price action aligns with **Smart Money Concepts**, indicating potential institutional participation. 🏦💵
### **📌 Trade Plan:**
🔹 **Entry:** Look for pullbacks or minor retracements into **buy zones** (IRL to ERL) for optimal entries. ⏳
🔹 **Stop Loss:** Below the recent **swing low** or invalidation level. 🚨
🔹 **Take Profit:** Target the **next external liquidity zone** (ERL) as the ultimate take profit area. 🎯💰
🔹 **Confluence:** Look for **bullish order flow** and additional confirmation on **lower timeframes (LTF)** before executing. 🔄
Let me know if you'd like more analysis or a chart to visualize the idea! 📊
