As USDCHF keeps on maintaining a floor protection above 89.000. A good R:R trade could seem highly profitable. USDCHF has been stuck in a range for approximately last three years. Since Swiss central bank maintain its policy on weaker ChF, any short term strengthening will be compensated by them. That leads to one conclusion, that the path of least resistance is UP.
BUY USDCHF 0.89800 , SL 85 PIPS , TP 1015
Time duration ( one year )
If the trade proves profitably, my best recommendation is to place it under break even once 0.92 is taken out.
BUY USDCHF 0.89800 , SL 85 PIPS , TP 1015
Time duration ( one year )
If the trade proves profitably, my best recommendation is to place it under break even once 0.92 is taken out.