The USDCHF heartbeat is nearly flatlined.Look for a break and run.

Wait 5 sec.

The USDCHF’s heartbeat is barely registering. The low-to-high trading range is just 27 pips, with the price moving up and down like a faint pulse. Meanwhile, the 100- and 200-hour moving averages have converged at 0.83138, giving traders a clear reference point for the next move.When this happens, it is time to put on your running shoes and get into position. The starter’s gun has not fired yet, but you want to be ready when it does.A narrow range tells us the market is waiting. It does not tell us which direction the next move will take. For that, traders need to watch how the price behaves around the converged moving averages and the day’s extremes.Move above the moving averages, break the high and stay above, and the buyers have a chance to run. Move below, break the low and stay below, and the sellers have their opening.The key is follow-through. A quick break followed by a return to the range is a false start. A break that holds gives traders a clearer bias and a level against which to define risk.For now, get ready. Let the price fire the starter’s gun, then look to run with the move. This article was written by Greg Michalowski at investinglive.com.