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FX.co ★ Trading tips for NZD/CAD

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Forex Analysis:::2022-05-05T11:09:25

Trading tips for NZD/CAD

Trading tips for NZD/CAD

The trading plan presented last April 28 indicates a possible price increase after the breakdown of the yearly low.

plan:

Trading tips for NZD/CAD

As expected, NZD/CAD did increase to 0.83400 after the Fed meeting, which, in the framework of grid trading, calls for a grid of buy limits.

development:

Trading tips for NZD/CAD

Congratulations to those who followed the plan! The pair moved by 1,000 pips.

If it hits the monthly low, traders can open a new set of buy limits.

The trading idea was based on the Price Action and Stop Hunting strategies.

Good luck and have a nice day!

Analyst InstaForex
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