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: