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11.02.202011:47 Forex Analysis & Reviews: AUD/NZD. Take Profits!

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Good afternoon, dear traders! Congratulations to those who used the trading idea of 12/10/19 on the grid set of longs of the AUD / NZD pair to take profits at the round level of 1.05.

Let me remind you that the idea was to develop a concept of an average recoilless cross-course over the past few years.

Plan:

Exchange Rates 11.02.2020 analysis

Workout:

Exchange Rates 11.02.2020 analysis

The average pass on the grid was 1300p for 5zn with retention of transactions in 2 months. For grid ideas, I recommend using swapless accounts.

Success in trading and control the risks!

Andrey Shevchenko
Analytical expert of InstaForex
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