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:
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!
The material has been provided by InstaForex Company - www.instaforex.com