FX.co ★ Trading tips for USD/CHF

USD/CHF has been increasing since October 2020. It gained as much as 6,000 pips, and is currently approaching the 2021 high at 0.94700.

This situation opens an opportunity for traders to place a grid of sell limits in the pair.

After the breakdown of 0.94700, place a grid of sell limits in an increment of 300-500 pips. Take profit on a breakout, either at 1 pip above the first order or after a 100 pip rise.

This strategy is called grid trading, which is usually used on cross rates. It involves holding positions that are significant in time and distance. For this reason, we recommend using swap-free accounts, not increasing the volumes in the grid (0.01 standard lot for every $ 1000 of the deposit) and monitor price movements.

Good luck and have a nice day!