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

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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.

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