FX.co ★ Trading idea for CAD/JPY

Back on April 29 , we presented a medium-term trading idea for CAD / JPY.

It was to set sell limits at every 50 pips, after breaking through the all-time high for March.

Plan:

Then, positions should be closed after hitting the mirror level of 88.300.

As expected, a downward movement occurred, bringing a profit of approximately 3,000 pips.

Congratulations to those who followed the strategy!

The plan was under the framework of Grid Trading.

As for your other transactions, good luck! Hope you all have a successful trading day.