USDCHF – Trading around historical lows

Some traders don’t like to trade when the market is trading either at historical highs or lows, mostly because the market will retrace and they dont know when… I agree, the market sooner or later will retrace, but it could take 20 or 50 days to do so, in the meantime why not take advantage if its condition?

This is the case of the USDCHF (and AUDUSD), it is trading around historical lows, and I’m looking for short opportunities (I just hope it doesn’t retrace while I’m in a trade):

I’d like to see how it behaves around the ST resistance level (0.8689), if I get a significant pattern with downward pressure I’ll definitely do short.

Trade Safe!

Raul Lopez
Forex Training

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 .