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Trading tips for CHF/JPY

Trading tips for CHF/JPY

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:

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Trading tips for CHF/JPY

Development:

Trading tips for CHF/JPY

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!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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