FX.co ★ Trading idea for CHF/JPY

CHF / JPY continues to trade upwards, as a result of which the quote reached 118.

Taking this into account, it is best to open sell limits, the scale of which is around 50-100 pips.

Volume should be 0.01 for every $ 1000 of the deposit.

With this, CHF/JPY will move by 300-400 pips.

If the first order moves the pair by 100 pips, take profit.

Of course, traders still need to monitor the risks to avoid losing money. This market is very precarious, but also very profitable provided that the approach used is correct.

The strategy above follows grid trading.

Good luck!