FX.co ★ Trading idea for AUD/NZD

As presented on August 4 , AUD / NZD rose, thanks to the buy orders set in the market. The move happened after the release of policy decisions from the Bank of Australia.

Plan:

Result:

Congratulations to those who followed the strategy!

All in all, the movement amounted to 1,200 pips. The limits should now be closed to claim profit.

The plan made use of the so-called "Grid Trading" method.

Have a nice day!