FX.co ★ Trading idea for CAD/JPY

CAD / JPY has been declining since April, losing about 6,500 pips in price. Now, it is near record lows - at the technical mirror level of 84.6.

This opens the opportunity to place stop orders below 84.6.

The volume, as before, should be 0.01 STANDARD lot for every $ 1000 of the deposit, while the scale is 500 pips. It should produce up to 5,000 pips movement.

This analysis is based on "Grid Trading".

Good luck and have a nice day!