It’s going to be a rather quiet week this week with almost no planned risk events on Monday. In the next few days, we’ll be watching out for Canada’s Consumer Price Index, the FOMC Meeting Minutes (OCT 30), and the ECB Account of October Policy Meeting (OCT).
Today I’m looking at the USD/CHF pair which is continuing within its narrow range between 0.9852 and 0.9971. It has not yet been able to break below the Ichimoku cloud and the future cloud is getting thinner, signaling lower volatility which could make it an interesting trading opportunity for range traders. Of course, trading in the financial markets involves a risk of loss and you should only trade the money you can afford to lose.
In my book, Ichimoku Secrets, I explain how this could be an interesting buying opportunity provided you’re willing to take the risk. For more on Ichimoku strategy development, don’t forget to grab the PDF version of my book, Ichimoku Secrets.