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

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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:

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!

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