Asian session channel formed

Can see a tight 10 pip channel forming on the EURCHF pair which I believe the top end of the channel will struggle to be broken throughout the Asian session.

Usually see a range on this pair of about 20 pips, so will be looking to take a short on a rejection of the resistance, and take it to the other side of the channel, potentially further after reviewing the strength of the move.

-Jordon

Trade closed: target reached:

As you can see, our top end channel was tested nicely and unsurprisingly not broken. Traded to the down side once I saw the long wicks forming, with my target at the bottom channel. Only looking to take a 7 pip scalp.

Overall good analysis and good trade, I hope you enjoyed being able to watch it unfold.