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The trading plan presented last April 28 indicates a possible price increase after the breakdown of the yearly low.
plan:
As expected, NZD/CAD did increase to 0.83400 after the Fed meeting, which, in the framework of grid trading, calls for a grid of buy limits.
development:
Congratulations to those who followed the plan! The pair moved by 1,000 pips.
If it hits the monthly low, traders can open a new set of buy limits.
The trading idea was based on the Price Action and Stop Hunting strategies.
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.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
