Trading idea for CAD

OPEC decided to maintain its agreed production plan for November. This provoked oil to break above $ 77 and trade around $ 80 a barrel. Accordingly, world currencies associated with oil strengthened, hitting monthly, if not yearly highs. This opens good opportunities to set up limit orders. AUD / CAD: NZD/CAD:CAD/CHF: CAD / JPY: The orders should have an increment of around 300-500 pips. The volume should be 0.01 STANDARD lot for every $ 1000 of the deposit. This plan follows "Grid trading". Good luck and have a nice day! The material has been provided by InstaForex Company - www.instaforex.com

Trading idea for CAD

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OPEC decided to maintain its agreed production plan for November. This provoked oil to break above $ 77 and trade around $ 80 a barrel.

analytics615ff1f6e2832.jpg

Accordingly, world currencies associated with oil strengthened, hitting monthly, if not yearly highs. This opens good opportunities to set up limit orders.

AUD / CAD:

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NZD/CAD:

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CAD/CHF:

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CAD / JPY:

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The orders should have an increment of around 300-500 pips. The volume should be 0.01 STANDARD lot for every $ 1000 of the deposit.

This plan follows "Grid trading".

Good luck and have a nice day!

The material has been provided by InstaForex Company - www.instaforex.com