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02.06.202008:37 Forex Analysis & Reviews: Trading idea for USD/CHF

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Exchange Rates 02.06.2020 analysis

Good afternoon traders. A trading idea for USD / CHF.

The quotes of USD / CHF have been declining all throughout May and managed to break last month's low yesterday. Set limit orders to trigger a rebound and push the quotes back to a flat, in accordance with the plan below:

Exchange Rates 02.06.2020 analysis

Place limit orders from the current prices or below, to get a movement of about 50-100 pips.

Increasing volumes in the grid is not recommended.

If the first transaction already moves 100 pips, close the order.

Good luck!

Andrey Shevchenko
Analytical expert of InstaForex
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