USDCHF Range Trading

Although the pair broke the support trendline that marked a succession of higher lows on the 4 hour chart we can still expect the 1.0900 area to provide enough support for a new move higher towards the 1.10 level. This is the consolidation range some of us of thinking of after the USD rally we had in the previous days, playing the range with carefull thought stops should provide a decent risk:raward ratio for both longs and shorts until we see some sort of momentum building up. Although the pair broke the support trendline that marked a succession of higher lows on the 4 hour chart we can still expect the 1.0900 area to provide enough support for a new move higher towards the 1.10 level. This is the consolidation range some of us of thinking of after the USD rally we had in the previous days, playing the range with carefull thought stops should provide a decent risk:raward ratio for both longs and shorts until we see some sort of momentum building up.

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