Good afternoon traders! A trading idea for AUD/CAD.
Since March, the pair has moved about 11,500 pips continuously, without a reversal.
Use grid trading to pull back the quotes and break the round level of 0.92.
Set sell orders from the current price or higher, for a pull back of about 500-1000 pips.
If the first transaction immediately moves 1,000 pips, take profit.
If movement upward persists, reset the grid into the first order.
Use the round level indicator to control the grid.
The material has been provided by InstaForex Company – www.instaforex.com
Source:: Trading idea for the AUD/CAD pair