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09.07.2021 12:52 PM
Trading idea for the CAD/CHF pair

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CAD / CHF has dropped 2,100 pips from record highs. Considering this, investors can set up buy limit orders below the April low in order to provoke a correction upwards.

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Grid trading is a strategy in which traders work against current trends, focused on catching corrections after strong price movements past monthly highs. Using this method will allow CAD / CHF to pull back, more specifically on this scenario:

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For this, traders should set up buy limit orders every 500 pips, right after the breakdown of 0.72500. Do so until the transactions amount 3,000 - 5,000 pips.

Good luck and have a nice trading day!

Andrey Shevchenko,
Analytical expert of InstaForex
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