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20.08.202112:19 Forex Analysis & Reviews: Trading ideas for CAD/CHF and CAD/JPY

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Since both CAD / CHF and CAD / JPY do not have pronounced trends in the medium term, it is convenient to set up orders after strong movements and breakouts of monthly or yearly highs.

For example, CAD / CHF lost 4,200 pips since the beginning of the year, and yesterday hit 0.71600, which is its two-month low. Since it continues to decline actively, traders can place buy orders every 500 pips, at least until the pair reaches 0.71700.

CAD / JPY, meanwhile, is more volatile because it is strongly correlated with oil prices. But since it already lost 6,300 pips and continues to decline, traders can put up buy orders every 500 pips until the pair reaches 85.4.

The recommended volume for both pairs is 0.01 STANDARD lot for every $ 1000 of the deposit.

Good luck and have a nice day!

(The strategy presented above is called "Grid Trading")

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