empty
 
 
13.05.2020 08:06 AM
Trading idea for AUD/NZD

This image is no longer relevant

Good afternoon traders! Here is a trading idea for the AUD/NZD pair.

NZD declined after the Reserve Bank of New Zealand maintained the interest rate at 0.25. As a result, the AUD/NZD pair arose, so quotes are now above the level of 1.07500.

Use grid trading to short the pair.

This image is no longer relevant

The chart above shows past works within this method.

Orders can be started now, and added further every 50-100 pips.

Close profits if the first order immediately gives +100 pips.

Use trader's calculator when setting grids, instead of increasing volumes in each new transaction.

Good luck!

Andrey Shevchenko,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback