Good day, dear traders! I present to your attention a trading idea for AUDNZD.
I remind those who haggled and forgot that we are trading in the last month of the year - perhaps the most dangerous time. At the end of the year, large managers and funds are particularly active to close the year with good profitability indicators. Some lose their nerve, someone increases the volume, and someone fixes the annual profit, delighting their investors before the new year holidays. All this leads to increased volatility. And it so happened this week that the rate on the euro and the rate on the dollar come out in a row after each other on Wednesday and Thursday. And no matter what the analysts tell you - no one knows where this infernal news charge will terminate. In this regard, I offer a simple and safe trading idea for those who do not want to risk trading "majors" in dangerous times.
AUDNZD is one of the most "dense crosses" of recent years. Traded in the range of 5000-8000p for 5 digits. This tool is the patrimony of the non-swap algorithmic "grid".
The interest is caused by the November fall of the instrument by 4500p for 5 digits.
Now, the problem. The tool has a maximum rollback value of 7-8 tons, after which it returns at least half. Recently, 4.5 t.p. How to make money on it?
Answer. Buy with a grid of pending orders every 500-1000p with a common take on the first order. Recommendations - use swaps accounts. The sale of such nets occurs from a month.
Good luck with trading and see you at the evening idea!
