USDCHF: Trading at a Resistance level

Written by Raul Lopez on . Posted in Trades & Analysis.

The USDCHF is trading around a LT resistance level:

USDCHF
USDCHF

Here is my trading plan:

If the USDCHF breaks through the short term resistance level (green upper level), it will trigger a bullish market condition, therefore I will be looking for long opportunities

If the USDCHF breaks through the short term support level (green lower line), it will trigger a bearish market condition, making only short opportunities in play

If the Swiss Franc keeps trading in between both lines, I will do nothing.

Trade Safe!

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

USDCHF analysis

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 .
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