আরও দেখুন
05.10.2020 01:14 PMHello dear traders! Let me share a trading idea for USD/CHF with you.
The weekly chart reveals that the short open interest for USD/CHF that was setting the tone this summer has been eventually breached. The currency pair closed the last week with a retracement of nearly 50% of the long open interest.
So, I suggest the trading idea betting on the rise of the currency pair after a fake breakout of the buyers' spot at 0.91600.
I expect a price swing of over 1,400 pips.
We can benefit from this expected huge leap in the following two ways.
1.Open long positions at the current price with a risk/profit ratio of 1:1 (risk 0.90500, profit 0.93).
2.Open long positions from smaller time frames, using set-ups of your trading system and placing take profit at 0.93. This method will certainly increase a profit margin of your deal.
The trading idea is developed on the grounds of the two methods: Price Action and Chasing stop orders.
Good luck in trading! Make sure you manage your risks!
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
