USDCHF – Waiting for a breakout

After a nice and relaxing long weekend I’m back to trading :) Yesterday was going to be a difficult day after last week fundamental plus the G7 meeting plus the US Holiday.

Anyway, one of the pairs that I think have a clear market condition is the USDCHF. It is trading at historical lows and some traders say that it is too low to sell, but selling cheap to buy back cheaper is also a good strategy. It is trading near a LT level:

If it breaks the 0.9571 I will be looking for short opportunities, and will use a 3:1 Risk-reward ratio because there are no lower Support levels.

Trade Safe!

Raul Lopez
Forex Course

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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 .

  • Smitak111

    ..very difficult market conditions.I agree.
    thanks for the above analysis

    • Hello Smita,

      the USDCHF finally broke the ST support level and it has retraced to the ST resistance level, just where we could get our signal to go short.

      Regards,