empty
 
 
25.11.2021 11:06 AM
EUR/CAD breaks year's low again. Start of limit buy grid

This image is no longer relevant

Hello, dear traders! I present to you the trading idea on EURCAD.

There has been another relevant event for EUR/CAD today. After falling by 17,000 pips, the instrument broke the current year's low again, allowing to set the limit buy grid according to the following scheme

This image is no longer relevant

Breakout:

This image is no longer relevant

It is possible to set a limit buy grid with an increment of 300-500 pips on the 5th digit, starting from the current price and below.

After setting longs on a fall, an exit from the grid with profit is performed at the test of broken level at 1.41800 below or at 1 pip above the first order in the grid. Notably, grid trading involves holding positions that are significant in time and distance. For this reason, it is recommended to swap-free accounts, not to increase the volume in the grid (0.01 standard lot for every $1000 of deposit) and to consider a reverse pass up to 5-6 trading pips.

The trading idea is presented as part of the grid trading on certain cross rates.

Good luck and control your risks!

Andrey Shevchenko,
Analytical expert of InstaForex
© 2007-2024
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback