For Traders

Analytical Reviews

Technical analysis

11.12.202011:56 Forex Analysis & Reviews: CADJPY - Start of the limit sales grid

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

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.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.