USDCHF: Trading at a Resistance level
The USDCHF is trading around a LT resistance level:
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.