FX.co ★ Trading idea for CHF/JPY

Back on April 6 , we presented a medium-term trading idea for CHF / JPY.

It was to place sell limits at every 500 pips, in order to set off a decline in the pair.

Plan:

Then, positions should be closed after hitting the mirror level of 118.740.

Result:

As expected, a downward movement occurred, bringing a profit of approximately 3,500 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.