FX.co ★ Trading idea for AUD/NZD

AUD / NZD continues to decline.

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

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.

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!