Tight Trading Range on USD/CHF - But Could we see a breakdown?
The USD/CHF began trading lower for years, rallied, and now we're in a very tight trading range. But as with many of the USD/X pairs, we can see large areas of low-liquidity below price. That means that if we trade into those areas, we could see a serious markdown in price.
To see what I mean by low-liquidity on the chart, look at the yellow box where price hasn't traded very much - just a few candles.
To see what I mean by low-liquidity on the chart, look at the yellow box where price hasn't traded very much - just a few candles.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.