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FX.co ★ Trading idea for the CHF/JPY pair

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Forex Analysis:::2021-01-19T12:14:49

Trading idea for the CHF/JPY pair

Since 2019, CHF / JPY has moved by 10,000 pips, and at the same time survived the pandemic pretty well, which sets it apart from other cross-rates.

To date, the pair is approaching 118, which suggests that it would be a good idea to set new sell limits.

Trading idea for the CHF/JPY pair

So, starting from 118, place sell limits at a step of 500-1,000 pips, the volume of which should be 0.03-0.05 for every 1,000 deposits. Then, take profit when the quote returns to 118.

Of course, risks are needed to be monitored to avoid losing profit. Trading is very precarious, but also profitable if the approach used is correct.

Good luck!

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