4-Hour Reversion Strategy For USD/CHF
The USD/CHF is in a heavy consolidation pattern on the 4-hour chart. Nearly all of the action is taking place between 0.9262 and 0.9221
Given the tight trading conditions, playing reversion strategies from either of these extremes isn’t a bad idea. Here's how:
1) Sells from 0.9259 or buys from 0.9225 are good reversion entries
2) A 1:1 risk vs reward is recommended, aiming for 8-12 pips profit
Given the tight trading conditions, playing reversion strategies from either of these extremes isn’t a bad idea. Here's how:
1) Sells from 0.9259 or buys from 0.9225 are good reversion entries
2) A 1:1 risk vs reward is recommended, aiming for 8-12 pips profit
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.