FX.co ★ Trading tips for NZD/CHF

The previous trading plan for NZD/CHF talked about setting up limit orders in order to decrease the price. This was realized on Friday, during the US session, when the pair tested and broke through the target level. It signals that traders should close long positions for profit.

Plan:

Development:

Congratulations to those who followed the strategy! NZD/CHF moved by as much as 1,850 pips.

The trading idea was based on the grid trading method, which is usually used on cross rates

Good luck and have a nice day! Don't forget to control the risks.