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):
Tags: USDCHF analysis
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