FX.co ★ Trading idea for AUD/NZD

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.

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!