The chart to the right shows the recent activity (or lack thereof) of the EUR/CHF in 15 minute bars. I believe we can all agree, this is a channel. Now, this pair is not the most volatile of the pairs we regularly look at, but this channel is too long to ignore. I'll trade this on a close above or below the channel lines on the 15 minute chart. I'll move to break even at +30 pips and put a 10 pip trailing stop on the trade at that point. If we are lucky, a channel this long will yield a significant move. I'll keep you posted.Happy Trading!
