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Trading idea for CHF/JPY

Posted On 04 Jun 2020
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Good afternoon traders! A trading idea for the CHF / JPY pair.

After the quotes successfully pass and update the yearly high, open short positions for a pullback in the CHF / JPY pair.

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The plan will bring a movement of about 6,000 pips, which is the average limit for a recoilless movement in the pair. After such a movement, the quotes will change direction, and we can place orders to earn profit.

Wait for a breakout before placing sell limits in about 500 pips, starting from the quote 114.32.

Good luck!

The material has been provided by InstaForex Company – www.instaforex.com

Source:: Trading idea for CHF/JPY

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InstaForex brand was created in 2007 and at the moment it’s a top choice of more than 2,000,000 traders. More than 1,000 clients open accounts with InstaForex every day. All InstaForex clients get great opportunities for effective trading on the forex market, as well as on-time technical and customer support

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