The attached chart shows a pretty tight range for the past 5 days. Looking at the recent CHF strength it looks likely a break out to the downside will occur. I suggest watching price action closely.
Hello Oasis, probably it will break up. I would hold a buy order.
good eye, personally I would suggest waiting to let the market show itself one way or the other by breaking out of your box by at least the range of the box then look for pullback opportunities to enter. this will put you in late but I m a firm believer in getting a little piece out of the middle once a trend shows itself and leave the edges for the mavericks and the heros.
I like your new avatar, take care
Thank you Igor and Talisman for your thoughts. I am really envious of you Talisman, for the way you trade, so laid back and patient but moving decisively (for the kill) only when your criteria is fully met.
thx, I have my share of bad days too, but overall I cant complain.
Price has broken out as shown below. Now looking to see further action.
Closed out with +59 pips. Will see next week if there is a continuation.
this pair wandered around without doing much of anything for quite a while. I actually got a long signal that gave me just under 50 pips but the pair failed to break decisively above 9170, the most recent swing high. it seems to be stalled out in a bit of a demand zone but I d wager that's temporary and it ll give a little push south yet. always interesting anyways, take care.
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