Since March 2020, CHF / JPY has moved by 8,000 pips, thereby reaching the area of technical reversals last 2017-2018.
Taking this into account, it would be profitable to open short positions, the strategy for which is presented below:
So, in the trading chart, set sell limits by approximately 50-100 pips. Select the volume in such a way that you can sit out movements that are 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 used is correct. That being said, always remember to monitor risks when opening a position.
The material has been provided by InstaForex Company – www.instaforex.com
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