USDCHF Stairway to heaven or Highway to hell?

Following a recent uptrend, the USD/CHF pair is now  trapped like a maniac cat inside a box trying to get out.

Since the price is ranging, it has formed a rectangle of which both of its upper and lower side have been tested not once, but thrice!

Once there is a break-out, expect a change in price of the same magnitude as the rectangle’s height.

You can place one order above, and one order below the rectangle’s high and low, and then wait for the break-out to happen.

The spanish train will take the price either upwards or downwards so, keep an eye on this pair.

Please read our Risk Disclosure and Terms of Use  prior to making a trade using this information.

Leave a Reply

Your email address will not be published.