FX.co ★ Trading idea for the NZD/CAD pair

The NZD / CAD pair is again trading at its yearly highs, which is a good opportunity to set up sell limits, especially after the breakout of the current high.

The strategy for this is as follows:

Place the first order after the quote breaks out of 0.91622, and then place subsequent limits at 500-1,000 pips. This means that transactions will have a volume of 0.01 for every $ 300 deposit.

Take profit when the quote returns to the first order in the grid.

Good luck!