USD volatility has a lot of traders sitting on the Sidelines of the FX Market. I trade these situations a little differently; I look for cross-pairs that might have some tradable opportunities. Currently – I’m on EUR/CHF waiting for my entry.
A combination of GBP strength and continued USD weakness has resulted in a new 12-month high for the GBP/USD.
A combination of GBP strength and continued USD weakness has resulted in a new 12-month high for the GBP/USD.
So what exactly does a strong trend look like?
So what exactly does a strong trend look like?
Identifying and using support and resistance for entries and exits is a solid approach. Fibonacci retracements are one way to potentially identify those levels.
Identifying and using support and resistance for entries and exits is a solid approach. Fibonacci retracements are one way to potentially identify those levels.
Another flight to safety by traders and another new all-time low for the USD/CHF.