FX.co ★ Trading tips for EUR/CAD

EUR/CHF has been declining for the past 2 years. It lost as much as 2,000 pips and is now trading at 1.39810. It hit a new record low, which is another signal to start a set of buy limits according to this scheme:

So, starting from the current prices, traders can set buy limits in an increment of 100 pips. Take profit on a breakout, either at 1 pip above the first order or after a 100 pip rise.

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.

Good luck and have a nice day!