USDCHF – Trading around historical lows

Written by Raul Lopez on . Posted in Trades & Analysis

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

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Raul Lopez

I've been trading the forex market for more than 11 years. All my trades are based on price action. Check out my Forex Coaching program, I can help you develop a system that helps you trade consistently.
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