logo

FX.co ★ Trading idea for CAD/JPY

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.

See also: Start Forex trading with a deposit starting from 1 USD.
Trading idea for CAD/JPY

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!

*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 Go to this author's articles Open trading account