I present to your attention a trading idea for CADJPY:
The instrument updated the top of June yesterday, breaking through the quote 82. I propose working on a decrease within the framework of the "grid method of trading on cross-rates" according to the following scheme:
We set up a grid of limit sales starting from the current price and higher in increments of 50-100p by 4-digits.
Count on 3-5 knees WITHOUT using the "Martingale system."
Plan:
Close the position if the first trade gives + 100p profit, otherwise take short positions with the specified step.
The trading idea is presented in the framework of the grid trading method.
