Since March 2020, CAD / JPY has moved by 11,500 pips, in which it even managed to break the all-time high last 2019, trading above 85.
Now, it is storming the 85th figure again, which suggests that it is time to set-off a decline, the strategy for which is the following:
In the trading chart, place sell limits by around 50-100 pips. Select the volume in such a way that you can sit out any movement that is 300-500 pips.
This should work since CAD/JPY underwent strong movements in the market without experiencing any pullback. But of course, you still need to be careful to avoid losing money. Trading itself is very precarious, but profitable as long as the approach used is correct.
The plan above is what we call "Grid Trading".
Good luck!
