FX.co ★ Trading idea for AUD/CAD

AUD / CAD rose by 1,200 pips and hit the target price level. This coincides with the plan presented last October 8 , which stated that bulls should take long positions after a false breakdown at the September low.

Plan:

Result:

Although it was not possible to complete the full grid of buy limits, the pair still reached the first order. As such, traders can now close their positions and claim profit.

Congratulations to those who followed the plan!

Now, new buy limits should be set below the monthly low.

This analysis is based on Grid Trading.

Good luck and have a nice day!