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There was an ascending channel on the USDCHF 1-hour and 4-hour chart and I couldn't decide whether I would play the break or the range... So I decided to not trade that pair. After all, I had a couple of trades already open and I didn't want to add to my risk. It turns out I should've played the break of the channel. I could've shorted right below the daily ATR of 1.0700 and took profits off at 1.0650.

The USD got sold off yesterday after the ADP non-farm employment report came in slightly weaker than expected. This puts a downside bias on the upcoming NFP report... Another month in the negative zone? Still, other economic reports from the US were stronger than expected. This probably caused a run of risk appetite, allowing the Swissy to make headway.