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30.06.202114:43 Forex Analysis & Reviews: Trading idea for USD/CHF

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Demand for dollar increased sharply after the historic meeting of the FOMC on June 16. This means that investors could gain huge profits in USD, however, it is quite risky to trade in the popular USD / CAD because the pair is also driven by oil prices ... But USD / CHF is not, so if you want to earn money in this financial market but do not want to be stressed with uncertainty, you should look at USD / CHF and trade using this strategy:

Considering that there is a three-wave pattern (ABC), where wave A represents the buying pressure observed in the market, investors should open long positions to provoke a 61.8% and 50% rollback from the current prices. Set stop loss at 0.89, and then take profit on the breakdown of 0.95 and 1.1.

This strategy is under the framework of Price Action and Stop Hunting methods.

Good luck!

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