Trading idea for AUD/NZD

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Good afternoon traders! Here is a trading idea for the AUD/NZD pair.

NZD declined after the Reserve Bank of New Zealand maintained the interest rate at 0.25. As a result, the AUD/NZD pair arose, so quotes are now above the level of 1.07500.

Use grid trading to short the pair.

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The chart above shows past works within this method.

Orders can be started now, and added further every 50-100 pips.

Close profits if the first order immediately gives +100 pips.

Use trader's calculator when setting grids, instead of increasing volumes in each new transaction.

Good luck!

The material has been provided by InstaForex Company - www.instaforex.com