FX.co ★ Trading idea for AUD/NZD

The strategy presented last July 26 was to set up buy orders in AUD / NZD.

Yesterday, the pair managed to gain as much as 1,000 pips, but now the price has declined and lost about 600 pips.

If you are yet to open a set of long positions, it is best to take a closer look at the market before placing limit orders. Then, make sure that the deals are put every 500 pips. The volume should also be 0.01 standard lot for every $ 1000. Good luck!

(Grid Trading is used to develop this strategy)