25.12.202311:26 Forex Analysis & Reviews: Tips for trading USD/CHF

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

USD/CHF has been declining since the start of 2022. It lost as much as 16,000 pips, and today it updated the yearly low, opening a chance for an upward movement.

So, starting from the current prices, place a grid of buy limits at an increment of 500 pips. After accumulating long positions, exit the market with a take-profit order upon a breakdown of 0.8550 or after a movement from the first order.

This grid trading method, usually used on cross rates, involves significant time and distance holding of positions. As such, market players should use swap-free accounts, not increasing the volumes in the grid (0.01 standard lot for every $1,000 of the deposit), and monitoring price movements that could be as much as 6,000 pips.

Good luck in trading and don't forget to control the risks! Have a nice day.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.