CHF/JPY bounced back to 125.5, completing the plan we presented last December 30.
In it, we recommended setting limit orders after the breakdown of 125.5.
Plan:
Development:
Congratulations to those who followed the idea!
The pair moved as much as 500 pips.
We can place another set of grids to gain new yearly highs.
This strategy is called grid trading, which is usually used on cross rates.
Good luck and have a nice day!