A question that came up in our live webinar series today was, “you mentioned a ‘stairstep’ formation as being something that a trader can use to their advantage…how so?” Take a look at the Daily chart of the USDCHF below… We can see that the pair has been in a strong downtrend for quite some time. In this situation we can see (if we use our imagination just a little bit) how price action has been “stairstepping “ to the downside. As we see this set up forming, a trader would wait for the pair retrace, move against the overall trend, wait for the pair to stall after the retracement and then short the pair back in the ... (full story)