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05.05.202213:09 Forex Analysis & Reviews: Trading tips for NZD/CAD

Exchange Rates 05.05.2022 analysis

The trading plan presented last April 28 indicates a possible price increase after the breakdown of the yearly low.

plan:

Exchange Rates 05.05.2022 analysis

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:

Exchange Rates 05.05.2022 analysis

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!

*A análise de mercado aqui postada destina-se a aumentar o seu conhecimento, mas não dar instruções para fazer uma negociação.

Andrey Shevchenko,
Analytical expert of InstaSpot
© 2007-2024
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