FX.co ★ 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:

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:

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!