CHFJPY – Trading in a Medium Term range
The CHFJPY has been trading in a range since the second week of September, the good news about it is that it is a very well defined range:
As I have mentioned before, we need to adapt to the market conditions (not the other way around). In this case, I’m going to try to find long opportunities around the bottom of the range, and short opportunities around the top of the range (green levels).
The other scenario is that the CHFJPY breaks the range, in that case, only trade opportunities in the direction of the breakout will be in play.