I don't know if this is the appropriate forum to post this but since I am a beginner I might as well. I noticed USDCHF has never passed below 1.1300, but, it has gotten close 3 times in the past, and maybe a 4th time soon, as shown in this picture.
usdchf chart.gif
usdchf chart.gif
my question is.. would it be wise to enter this trade with a long when it gets to 1.1300? also, is doing something like this defined as "swing trading"? any information regarding this post or that chart I would find useful. Thanks!
Attached Image (click to enlarge)
