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

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.

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:

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!