USD/CHF channel opportunity?

Scott Barkley ProAct Traders

Bullish:Currently we are @ 0.9830 in a Range. IF we can break the resistance @ 0.9818, we are looking for a continuation initially to the 0.382 Fibo @ 0.9852 and then to the ATR Target @ 0.8894.The average daily true range (ATR) for the pair currently is 72 pips and its 180-day ATR is 56 pips a day

Author

Scott Barkley

ProAct Traders

Scott Barkley is the President of ProAct Traders LLC located in Round Rock, Texas. Scott graduated from the institute For Latin American Studies in Cuernavaca, Mexico.

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