empty
17.11.2021 11:56 AM
Trading tips for AUD/CAD

AUD/CAD has lost around 9,000 pips over the past year and is currently trading at the lows of October and this year - 0.91.

Traders can provoke a false breakout by doing this strategy:

This image is no longer relevant

As presented in the chart, a false breakout could occur if we place buy limits from 0.91 and below, with an increment of 500 pips. Take profit on the breakout of 0.91, or at 1 pip above the first order.

This strategy is called grid trading, which is usually used on cross rates. It involves holding positions that are significant in time and distance. For this reason, it is recommended to use swap-free accounts, not increase the volumes in the grid (0.01 standard lot for every $ 1000 of the deposit) and monitor price movements.

Good luck and have a nice day!

Andrey Shevchenko,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

GBP/USD: Trading Plan for the U.S. Session on April 2nd (Review of Morning Trades)

In my morning forecast, I highlighted the 1.2903 level and planned to make trading decisions based on it. Let's look at the 5-minute chart and analyze what happened. A decline

Miroslaw Bawulski 20:07 2025-04-02 UTC+2

EUR/USD: Trading Plan for the U.S. Session on April 2nd (Review of Morning Trades)

In my morning forecast, I highlighted the 1.0781 level and planned to make trading decisions based on it. Let's look at the 5-minute chart and break down what happened

Miroslaw Bawulski 20:04 2025-04-02 UTC+2

How to Trade the GBP/USD Pair on April 2? Simple Tips and Trade Analysis for Beginners

Analysis of Tuesday's Trades 1H Chart of GBP/USD On Tuesday, the GBP/USD pair continued trading within a flat range, just as it has for several weeks. The macroeconomic background

Paolo Greco 06:25 2025-04-02 UTC+2

How to Trade the EUR/USD Pair on April 2? Simple Tips and Trade Analysis for Beginners

Analysis of Tuesday's Trades 1H Chart of EUR/USD On Tuesday, the EUR/USD currency pair continued to trade in the same mode as in previous weeks. What does that mean? Relatively

Paolo Greco 06:25 2025-04-02 UTC+2

Trading Recommendations and Analysis for EUR/USD on April 2: Monday Quietly Slipped Into Tuesday

The EUR/USD currency pair traded on Tuesday in the same manner as on Monday. Yesterday, we warned that despite the large number of macroeconomic events, they might not influence

Paolo Greco 04:00 2025-04-02 UTC+2

Trading Recommendations and Analysis for GBP/USD on April 2: The Market Continues to Rest

The GBP/USD currency pair continued to trade similarly on Tuesday, as it has over the last few weeks. All price movements have occurred between 1.2863 and 1.2981 for the past

Paolo Greco 04:00 2025-04-02 UTC+2

GBP/USD: Trading Plan for the U.S. Session on April 1 (Review of Morning Trades)

In my morning forecast, I highlighted the level of 1.2916 and planned to make market entry decisions based on it. Let's look at the 5-minute chart and analyze what happened

Miroslaw Bawulski 19:49 2025-04-01 UTC+2

EUR/USD: Trading Plan for the U.S. Session on April 1st (Review of Morning Trades)

In my morning forecast, I highlighted the level of 1.0815 and planned to make market entry decisions based on it. Let's look at the 5-minute chart and analyze what happened

Miroslaw Bawulski 19:31 2025-04-01 UTC+2

GBP/USD: Trading Plan for the U.S. Session on March 31st (Analysis of Morning Trades)

In my morning forecast, I focused on the 1.2966 level and planned to make trading decisions based on it. Let's look at the 5-minute chart and analyze what happened

Miroslaw Bawulski 19:52 2025-03-31 UTC+2

EUR/USD: Trading Plan for the U.S. Session on March 31st (Analysis of Morning Trades)

In my morning forecast, I highlighted the 1.0829 level and planned to make trading decisions based on it. Let's look at the 5-minute chart to see what happened. A decline

Miroslaw Bawulski 19:50 2025-03-31 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.