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flag ★ Trading tips for AUD/CHF and NZD/CHF

Forex Analysis:::2021-12-02T09:47:27

Trading tips for AUD/CHF and NZD/CHF

Not only are AUD/CHF and NZD/CHF declining, but the two are almost at their yearly lows, which opens opportunities to place limit orders in the market. According to the grid trading method, these can be set up after the false breakout of the yearly lows.

Trading tips for AUD/CHF and NZD/CHF

Starting from the levels shown in the charts above, place a grid of buy limits with an increment of about 300-500 pips. Take profit after a breakout, or at 1 pip above the first order. You can also do it after a 1,000 pip rise from the first order.

This strategy is called grid trading, which is usually used on cross rates. It involves holding positions that are significant in time and distance. For this reason, we recommend using swap-free accounts, not increasing the volumes in the grid (0.01 standard lot for every $ 1000 of the deposit) and monitor price movements.

Divide the working volume between the two pairs.

Good luck and have a nice day!

Analyst InstaForex
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