FX.co ★ Trading idea for AUD/CAD

AUD / CAD has moved approximately 8,000 pips since February. Now, it is approaching 0.91400, which is the monthly low.

Grid trading could be used to provoke the pair to rebound and move the same as presented below.

Put buy orders every 500 pips, starting from 0.91400 downwards. The volume must be no more than 0.01 standard lot for each $ 1000 deposit. Doing this could lead to a movement of as much as 5,000 pips. Then, take profit as soon as the pair reaches the mirror level - 0.91400 (+ 1p of the first order).

Good luck!