Main Quotes Calendar Forum
flag ★ Trading idea for AUD/NZD

Forex Analysis:::2021-08-31T10:23:01

Trading idea for AUD/NZD

Trading idea for AUD/NZD

AUD / NZD continues to decline.

In fact, just this morning, it lost another 700 pips.

Trading idea for AUD/NZD

So all in all, since April this year, the pair is down 5,500 pips and has broken through 1.04.

This opens the opportunity to continue buy orders that has a scale of 500 pips.

Trading idea for AUD/NZD

The volume, as before, is 0.01 STANDARD lot for every $ 1000 of the deposit. Meanwhile, the target is 1.04, which is the mirror level or + 1 pip of the first order.

This strategy is called Grid Trading.

Good luck and have a nice day!

Analyst InstaForex
Share this article:
You have watched all the best publications
We are already looking for something interesting for you...
Recently published:
More recent publications...