USD/CHF Consolidation zone trade idea
This pair has been stuck in a larger consolidation zone so I'm looking to enter a small trade to play within the zone. This is a much smaller potential pip gain than I normally go for, but I think it's a pretty simple smash and grab type trade with good risk to reward. I will probably take buys and sells and play the zone for as long as it maintains it. If we have a breakout from the zone I may look to enter a longer term trend trade as well. If we fail to maintain this zone this setup may become invalid.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.