USDCHF and EURUSD – Not in very well defined ranges

Yesterday I received an email from one of my blog readers; she asked me if there is any particular reason I haven’t been analyzing the EURUSD in a while. Well, then answer is yes, both, the EURUSD and the USDCHF are not trading in a very well defined range.

I trade based on how the market is trading in the long term charts, for instance, if the market keeps bouncing from consistent support and resistance levels, then I feel confident and comfortable trading that particular pair, on the other hand, if I see the pair gets rejected from random levels, then I don’t know where to place my SL and TP levels (and which direction to trade).

This is the reason I haven’t been analyzing (and trading) the EURUSD and the USDCHF.

We don’t have to trade all pairs, we have plenty of them to choose from, why not choosing the ones that are trading in well defined ranges?

Trade Safe!

Raul Lopez
http://www.protradingnow.com/


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 .