EURUSD and USDCHF: both trading in a 4H range

Both the EURUSD and the USDCHF are trading in a 4H range; please take a look at the next charts:

EURUSD & USDCHF
EURUSD & USDCHF

Does it mean that these to currency pairs are not tradable today?

Nope, remember how we define the market condition, how the market reacts to important long term support and resistance levels, for instance, if the USDCHF gets rejected from the LT support level, we’ll be in a bullish market condition and if the EURUSD gets rejected from the resistance level, we´ll all be in a bearish market condition.

So today I’ll be looking for a trade in the direction of the market condition (if I get a good risk-reward ration on my trades).

Trade Safe
Raul Lopez

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Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .