FX.co ★ Trading idea for the USD/CHF pair

Good afternoon traders! A new trading idea for the USD/CHF pair.

Over the last two months, the quotes of the pair fell by 3,400 pips, and moved down by 7,200 pips over the past year.

Use grid trading to trigger a rebound, following the plan below:

Place buy stop orders between the monthly low 0.93700 and the yearly low 0.91800 to increase the quotes by about 500 to 1,000 pips. Set the same volume in each trade.

If the movement amounts to 1,000 pips at the first or second order, close the profit. If not, enter a new order that exits on the first one.

Good luck!