USD/CHF: wait for a breakout before hopping on

At the moment, it can be inferred that the price is trading within the borders of the sideways-moving range that is plotted on the graph. Due to choppiness and indecisiveness, it is unknown what the next rally is gonna look like. However, if we get a clear breakout of one of the boundaries, a potential trade entry could be made upon witnessing a re-test.

Therefore, for now, we are sitting on our hands and patiently waiting for a clear signal before executing a transaction.