The EUR/CHF pair has been trading in a fairly narrow channel for the last day and a half or so. Here is what the channel looks like:
If you look at the larger time frame, say the 4 hour chart you'll see that the pair has been trending down since the big jump up in mid-March. It's tough to say what this pair will do, but the good thing is we really don't care! If it closes above the top channel line its a buy, below and its a sell. Couldn't be simpler. I'm going with the move to break even at +30 pips again. I know what you are thinking, but this pair has not been very volatile lately and I don't want to get too fancy. I'll keep you posted.
Happy Trading!
Happy Trading!
