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01.02.202214:27 Forex Analysis & Reviews: EUR/CHF - take profit!

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.

Exchange Rates 01.02.2022 analysis

Hello, dear traders! Let's view the trading idea on the EUR/CHF pair.

According to the trading recommendation for January 24 on the breakout of the year's low and return to the broken level from the bottom, the instrument has completely worked out the false breakout scenario

Plan:

Exchange Rates 01.02.2022 analysis

Development:

Exchange Rates 01.02.2022 analysis

The instrument failed to gain a deep grid, therefore it is recommended to take profits according to the trading rule of 1000 pips.

Congratulations to those who used this trading idea!

The profit totaled 1000 pips.

The trading idea is presented within the grid trading method on certain cross rates.

Good luck and control your risks!

Andrey Shevchenko
Analytical expert of InstaForex
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