The USDCHF has been volatile today, swinging both higher and lower, but the latest move has shifted to the downside. Sellers gained control after price held resistance against the broken 38.2% retracement of the July trading range near 0.8071, while also leaning against the broken 100-hour moving average at 0.8052.

Despite the sharp two-way volatility, these technical levels have tilted the bias in favor of the sellers. The key questions now are whether they can maintain that control and push toward the next target.

In this video, I walk through the trade, outlining how to define risk, bias, and targets to navigate the minefield of choppy price action.

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Source: Forex Live