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Trading idea for CAD

Trading idea for CAD

OPEC decided to maintain its agreed production plan for November. This provoked oil to break above $ 77 and trade around $ 80 a barrel.

Trading idea for CAD

Accordingly, world currencies associated with oil strengthened, hitting monthly, if not yearly highs. This opens good opportunities to set up limit orders.

AUD / CAD:

Trading idea for CAD

NZD/CAD:

Trading idea for CAD

CAD/CHF:

Trading idea for CAD

CAD / JPY:

Trading idea for CAD

The orders should have an increment of around 300-500 pips. The volume should be 0.01 STANDARD lot for every $ 1000 of the deposit.

This plan follows "Grid trading".

Good luck and have a nice day!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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