CAD / CHF moved up by 6,000 pips, almost completely winning back all its lost positions last year. The main reason was the steady rise in oil prices, as well as the strengthening of the Canadian dollar.
Last March, a deep correction was in place, during which the quote turned down by 2,500 pips. Using grid trading, players can set off another decline, as long as they follow this strategy:
Grid trading is when you set limit orders after strong movements in the market (as high as 5,000-8,000 pips). It should be preceded by a breakout of important resistance level, which, in our case, is 0.753000. So, from there, place sell limits every 500-1,000 pips, and then take profit below the opening price of the first transaction (in our case, 0.753000).
Good luck and have a nice trading day!
