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12.10.2021 12:58 PM
Trading idea for CAD/JPY and CHF/JPY

Although the recent rally in USD / JPY is a pot of gold, not everyone was able to participate in it. But traders can still take chances on the CAD / JPY and CHF / JPY pairs.

CAD / JPY:

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CHF / JPY:

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Since both pairs are near their yearly highs, traders can place sell limits in an increment of 500 pips. The volume should be 0.01 standard lot for each $ 1000 of the deposit.

This analysis is based on "Grid trading."

Good luck and have a nice day!

Andrey Shevchenko,
Analytical expert of InstaForex
© 2007-2024
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