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25.02.202114:06 Forex Analysis & Reviews: Trading idea for the CAD/JPY pair

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.

Exchange Rates 25.02.2021 analysis

Since March 2020, CAD / JPY has moved by approximately 11,500 pips. And today, it has broken through 84.70, which was the all-time high last year.

Taking this into account, it is now the time to set-off a decline, the strategy for which is presented below:

Exchange Rates 25.02.2021 analysis

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.

Of course, you still need to be careful to avoid losing money. Trading in this financial market is precarious, but profitable as long as the approach you use is correct.

Good luck!

Andrey Shevchenko
Analytical expert of InstaForex
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