Trading tips for AUD/CAD

Just as projected last June 29, AUD/CAD tested the mirror level of 0.888, allowing traders to take profit.

Plan:

Development:

Huge congratulations to those who followed the trading idea! The pair moved by about 1,000 pips.

A new set of buy limits can be placed when the quote hits a new yearly low.

This kind of strategy is called "grid trading", which is usually used on cross-rates.

Good luck and have a nice day!