CHF/JPY updated the monthly high again, which allows traders to set up new sell limit orders.
So, starting from the current prices, place a grid of buy limits at an increment of 1,000 pips. After accumulating short positions, exit the market with a take-profit order upon the breakdown of 170.280 or after a movement from the first order.
This grid trading method, usually used on cross rates, involves significant time and distance holding of positions. As such, market players should use swap-free accounts, not increasing the volumes in the grid (0.01 standard lot for every $1,000 of the deposit), and monitoring price movements that could be as much as 12,000 pips.
Good luck in trading and don't forget to control the risks! Have a nice day.