FX.co ★ Trading idea for the CHF/JPY pair

Trading idea for the CHF/JPY pair

Trading idea for the CHF/JPY pair

Since March 2020, CHF / JPY has moved by 8,000 pips, thereby reaching the area of technical reversals last 2017-2018.

Taking this into account, it would be profitable to open short positions, the strategy for which is presented below:

See also: InstaForex is one of the leaders in the Forex market, 12 years on the market, more than 7,000,000 active clients
Trading idea for the CHF/JPY pair

So, in the trading chart, set sell limits by approximately 50-100 pips. Select the volume in such a way that you can sit out movements that are 300-500 pips.

Of course, you still need to be careful to avoid losing money. Trading in this financial market is precarious, but profitable as long as the approach used is correct. That being said, always remember to monitor risks when opening a position.

Good luck!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the articles list Open trading account