USD/CHF Consolidation zone trade idea

19. Aug. 2018This 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.