Tuesday February 10, 2009 11:49pm Est.
Casey Stubbs-- Winners Edge Trading
This pair has been trading in a range for 9 days. Now this is called a sideways channel trade setup. In the image below we have a range that is between 1.3091 and 1.2704 that is a 300 pip range that while the support and resistances are holding you can range trade this to make good profits. Also, the is the big trade to watch, when the price breaks through the support or resistance than we could have some good momentum to further highs or lows whichever way the pair breaks. So be watching this channel and be ready to make some profits.
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