I’ll get to the point as time is of essence. Trade from yesterday, GBP-CHF, long position, worked out very well. My entry was at 2.0350 with a 100 pips target.

I’m going to try CHF cross once again here, before weekend. This time focus goes to EUR-CHF.

I placed a buy order at 1.6245. From the look of this chart my objective is at 1.6290, or 45 pips. A lot of people avoid trading this pair, because is not moving enough. This is a little bit misleading. First of all this is not the old boring EUR-CHF from even few years ago, when an average daily range could be 30-40 pips. These days this cross often has volume higher than USD-CHF. On occasions it even has bigger ranges, even though they contracted somewhat lately. I’m not saying that I’ll see extremely fast conclusion, but rather EUR-CHF is a very viable trading instrument.

Mike K.