Trading idea for the USD/CHF pair

Trading 09 Nov 2020 Donner votre avis

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According to technical analysis, since March, the USD / CHF pair has moved 8,000 pips in the market, all while not experiencing any rebound.

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Such a movement has been constantly occurring in the pair over the past few years that it can already be claimed as the natural pattern of the quotes.

Moreover, after moving for about 7,000 to 10,000 pips, the pair always pulls back by about half or more of its earlier movement:

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In that case, the best action is to set up limit orders, starting from the current price to 500-1,000 pips below. This means that a rate of 0.03 standard lots for every $ 1,000 of the deposit should be made, as shown in the picture above.

But of course, there is still the need to manage and control the risks in order to avoid losing profit. As we all know, trading in this market is very precarious and uncertain, but also very profitable provided that we use the right strategies.

Good luck!

The material has been provided by InstaForex Company - www.instaforex.com

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