The fall was quite obvious in USD/CHF, how to trade it now?
Dear traders, if you have been following USD/CHF , then you have certainly anticipated the fall in this pair.
The interest rate hike by SNB just gave the much-needed impetus to this rapid fall. In fact, other pairs like
AUD/CHF and CAD/CHF also fell rapidly as price was at a resistance level.
I personally milked USD/CHF, CAD/CHF and AUD/CHF over the last few days with hundreds of pips in the bag.
Here's a chart on CHF where you can see that I caught the absolute TOP
Currently, USD/CHF is inching towards a minor support level which could lead to a moderate pullback towards 0.9850.
I would be waiting to see the price action in the support level before buying USD/CHF. If bullish price action happens
in the support level, I would consider a buy trade with 0.98 as the TP.
The interest rate hike by SNB just gave the much-needed impetus to this rapid fall. In fact, other pairs like
AUD/CHF and CAD/CHF also fell rapidly as price was at a resistance level.
I personally milked USD/CHF, CAD/CHF and AUD/CHF over the last few days with hundreds of pips in the bag.
Here's a chart on CHF where you can see that I caught the absolute TOP
Currently, USD/CHF is inching towards a minor support level which could lead to a moderate pullback towards 0.9850.
I would be waiting to see the price action in the support level before buying USD/CHF. If bullish price action happens
in the support level, I would consider a buy trade with 0.98 as the TP.