FX.co ★ Trading idea for AUD/NZD

As expected, AUD/NZD moved up after testing the mirror level - 1.04.

The strategy presented before was to place stop orders after a huge movement (6,500 pips) and breakdown of the mirror level. Doing so provoked an upward correction in the pair, which amounted to about 1,500 pips.

Congratulations to those who followed this idea! You can now close your positions and enjoy the profit.

The analysis was based on "Grid Trading".

Have a nice day!