Killy_Mel

FX CHART OF THE DAY: USDCHF RANGEBOUND TRADING

FX:USDCHF   U.S. Dollar / Swiss Franc
USDCHF             has been trading laterally for some time now and no sits right on its weekly (120-h) mean. There is no apparent expansion volatility (measured by 3.2 st             deviations) and there is no apparent slope of the mean.

As there are no significant news (calendar events) coming out on the USDCHF             today. traders can pick trades both ways, betting that the price will keep reverting to the mean from its 1st standard deviation

Each new approach to the border of the lateral range is a risk of breakout/breakdown, so traders should not forget putting their stops close to relevant peaks/lows.

When price approaches the 1st standard deviation next time (either above or below the 120-H mean) It is also critical to watch out for volatility expansion (the 3.2s, red on chard), that will signal that the price is ready to break out / down from its lateral range.
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