Trading Forex in Baskets to diversify trading risk for both, speculative trading or hedging Forex risk by 
The Swiss France is still in a nice uptrend and holding that trend since the beginning of the year after the big move last week.
The strategy is simply and logic as explained in earlier posts.
The chart below is based on EU trading hours with a close at 10 PM CET (Wall Street close).
We buy near the close once the close is highter than the previous weekly high and only change that signal once we get a close below the previous weekly low.
For this week the next signal is a long way and we only change the trend to short once we get a close below the previous weekly low, which is at 1.1485
Of course we add some strategy in sideways markets but it is clear that to much leverage is a killer in this strategy, while simply logic, holding several currencies in a basket with low leverage, look a strong long term strategy.
This strategy is not only for currency trading but works well in other markets as well.
