As you can see from the chart on the right, the EUR/CHF is in a channel and is bouncing around the 800 sma. This is usually a strong signal that a breakout is coming. I'm going to treat this like a box trade around the 800 sma and am going to buy or sell on a close below either of the channel lines, but will get out of the trade if it closes back inside the box. As this pair is less volatile than some of the others we trade, I'll move to break even at +30 pips. I'll keep you posted.Happy Trading!
