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06.02.202312:09 Forex Analysis & Reviews: Trading tips for 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.

Exchange Rates 06.02.2023 analysis

The plan presented last January 2 was to place a new set of buy limits in USD/CHF.

Exchange Rates 06.02.2023 analysis

The aim was to increase prices, which is exactly what happened on Friday, after the US reported stronger-than-expected data on the labor market.

Exchange Rates 06.02.2023 analysis

Congratulations to those who followed the strategy! The pair moved by as much as 1,500 pips.

Traders can now close their positions for profit.

The plan was based on the grid trading method.

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

Andrey Shevchenko
Analytical expert of InstaForex
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