It looks like the SNB is severely controlling the volatility of the swiss franc now. With 1 pip movements every 15 minutes (if we're lucky), the EUR/CHF is very difficult to trade right now.
The problem is the spreads we have to pay. If we have to pay 2 pips spread, trying to claw that back in this market is so incredibly difficult. So where scalping looks like a handsome prospect, it's still not ideal.
If you were to trade this, like me, I would go long, with take profits of 10 pips, stop loss at 1.1990. (Yes, I know the stop loss is larger than the take profit here, but we're going by the probability that price will stay about this level. I think we'd see a lot more take profits with this strategy than we'd see stop losses, and that why I think it could make a good strategy.
Also, I know the Swiss France was a safe haven back before the intervention, but since then has it lost a lot of its safe haven attractiveness?
Deja Moo: The feeling that you've heard this bull before.
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