empty
05.05.2023 12:59 PM
Tips for trading CHF/JPY

This image is no longer relevant

The trading idea presented last April 25 talked about setting up a grid of sell limits in CHF/JPY.

This image is no longer relevant

Yesterday, the pair finally started to decline, breaking the mirror level of 150.200. Traders could close their positions now as the price movement was already as much as 2,000 pips.

This image is no longer relevant

Huge congratulations to those who followed the strategy, which was based on the "grid trading" method!

Another good take-progfit level is 149.

Good luck and have a nice day! Don't forget to control the risks.

Andrey Shevchenko,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Trading Recommendations and Analysis for EUR/USD on June 5: The Dollar Is Helpless Again

On Wednesday, the EUR/USD currency pair traded higher once again. As soon as the pair begins even a slight correction, the market immediately finds new reasons to sell

Paolo Greco 03:52 2025-06-05 UTC+2

Trading Recommendations and Analysis for GBP/USD on June 5: The Pound Doesn't Waste Its Chances

On Wednesday, the GBP/USD currency pair also traded higher, although volatility remained low. Nevertheless, the British pound rose throughout the day. While there were no strong reasons for this during

Paolo Greco 03:52 2025-06-05 UTC+2

GBP/USD: Trading Plan for the U.S. Session on June 4th (Review of Morning Trades)

In my morning forecast, I focused on the 1.3536 level and planned to make trading decisions based on it. Let's take a look at the 5-minute chart and see what

Miroslaw Bawulski 14:20 2025-06-04 UTC+2

EUR/USD: Trading Plan for the U.S. Session on June 4th (Review of Morning Trades)

In my morning forecast, I focused on the 1.1391 level and planned to base trading decisions around it. Let's look at the 5-minute chart and analyze what happened. A rise

Miroslaw Bawulski 14:16 2025-06-04 UTC+2

How to Trade the GBP/USD Pair on June 4? Simple Tips and Trade Analysis for Beginners

Analysis of Tuesday's Trades 1H Chart of GBP/USD On Tuesday, the GBP/USD pair experienced only a slight decline, likely due to technical factors. Even on the hourly timeframe, it's clear

Paolo Greco 07:27 2025-06-04 UTC+2

How to Trade the EUR/USD Pair on June 4? Simple Tips and Trade Analysis for Beginners

Analysis of Tuesday's Trades 1H Chart of EUR/USD On Tuesday, the EUR/USD currency pair continued to trade lower. If desired, the rise of the U.S. dollar by "only" 50 pips

Paolo Greco 07:27 2025-06-04 UTC+2

Trading Recommendations and Analysis for GBP/USD on June 4: The Pound Doesn't Retreat Far

On Tuesday, the GBP/USD currency pair also showed a downward movement, although the decline and the day's volatility were relatively weak. Once again, the market effectively ignored the macroeconomic background

Paolo Greco 03:41 2025-06-04 UTC+2

Trading Recommendations and Analysis for EUR/USD on June 4: Inflation in the EU Is of No Interest to the Market

The EUR/USD currency pair started a weak downward movement on Tuesday, likely due to another mild corrective wave. Despite breaking through the trendline, the overall upward trend remains intact because

Paolo Greco 03:41 2025-06-04 UTC+2

GBP/USD: Trading Plan for the U.S. Session on June 3rd (Review of Morning Trades)

In my morning forecast, I pointed out the 1.3517 level and planned to base trading decisions on it. Let's look at the 5-minute chart and analyze what happened. A decline

Miroslaw Bawulski 18:47 2025-06-03 UTC+2

EUR/USD: Trading Plan for the U.S. Session on June 3rd (Review of Morning Trades)

In my morning forecast, I pointed out the 1.1404 level and planned to base trading decisions around it. Let's look at the 5-minute chart and see what happened. A decline

Miroslaw Bawulski 18:32 2025-06-03 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.