empty
09.08.2023 06:53 PM
Tips for trading EUR/AUD

This image is no longer relevant

EUR/AUD gained over 25,000 pips since August 2022, and today peaked at the yearly high. Market players can take this opportunity to set up limit orders in the pair.

This image is no longer relevant

Starting from the current prices, place a grid of buy limits at an increment of no less than 1,000 pips. After accumulating short positions, take profit upon the breakdown of 1.68, or after a movement from the first order.

This method is called grid trading, which is usually used on cross rates. It involves holding positions that are significant in time and distance. For that reason, it is recommended to use swap-free accounts, not increasing the volumes in the grid (0.01 standard lot for every $1,000 of the deposit), and monitoring price movements that could be as much as 12,000 pips.

Good luck in trading and don't forget to control the risks! Have a nice day.

Andrey Shevchenko,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Andrey Shevchenko
Start trade
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

How to Trade the GBP/USD Pair on September 5? Simple Tips and Trade Analysis for Beginners

Thursday Trade Review: 1H Chart of GBP/USD The GBP/USD pair traded in absolute flat conditions on Thursday. The day's total volatility was just 45 pips, despite the release of another

Paolo Greco 06:37 2025-09-05 UTC+2

How to Trade the EUR/USD Pair on September 5? Simple Tips and Trade Analysis for Beginners

Thursday Trade Review: 1H Chart of EUR/USD The EUR/USD currency pair continued trading inside a sideways channel on Thursday. Nothing is helping so far—not fundamental events, nor macroeconomic data releases

Paolo Greco 06:37 2025-09-05 UTC+2

Trading Recommendations and Trade Breakdown for GBP/USD on September 5. The ISM Index Gave the Dollar a Small Boost

The GBP/USD currency pair also traded very weakly on Thursday. After the British currency recovered on Wednesday, bulls were unable to break through the Ichimoku indicator lines, leading

Paolo Greco 03:32 2025-09-05 UTC+2

Trading Recommendations and Trade Breakdown for EUR/USD on September 5. Mockery of Traders

Throughout Thursday, the EUR/USD currency pair was essentially in convulsions all day. Despite the publication of lots of important reports this week, the market is simply refusing to trade

Paolo Greco 03:32 2025-09-05 UTC+2

How to Trade the GBP/USD Pair on September 4? Simple Tips and Trade Analysis for Beginners

Wednesday Trade Review: 1H Chart of GBP/USD On Wednesday, the GBP/USD pair traded higher. Recall that on Tuesday, British currency quotes plummeted sharply—a move many experts explained by the rise

Paolo Greco 06:26 2025-09-04 UTC+2

How to Trade the EUR/USD Pair on September 4? Simple Tips and Trade Analysis for Beginners

Wednesday Trade Review: 1H Chart of EUR/USD On Wednesday, the EUR/USD currency pair recovered from Tuesday's decline, just as we had warned. There were no strong reasons for the euro's

Paolo Greco 06:26 2025-09-04 UTC+2

Trading Recommendations and Trade Breakdown for EUR/USD on September 4. The Drop Ended Just as Suddenly as It Began

On Wednesday, the EUR/USD currency pair easily and simply reversed upward around the 1.1604–1.1615 area, which can be considered the approximate lower boundary of the sideways channel the pair

Paolo Greco 03:25 2025-09-04 UTC+2

Trading Recommendations and Trade Breakdown for GBP/USD on September 4. Sterling Didn't Mourn for Long

The GBP/USD currency pair crashed downward on Tuesday for rather formal reasons, and on Wednesday, it calmly began recovering back to its original positions. The day before, we warned that

Paolo Greco 03:25 2025-09-04 UTC+2

How to Trade the GBP/USD Pair on September 3? Simple Tips and Trade Analysis for Beginners

Tuesday Trade Review: 1H Chart of GBP/USD On Tuesday, the GBP/USD pair collapsed by 200 pips. Thus, while the EUR/USD pair remains within a pronounced flat, the GBP/USD pair continues

Paolo Greco 06:50 2025-09-03 UTC+2

How to Trade the EUR/USD Pair on September 3? Simple Tips and Trade Analysis for Beginners

Tuesday Trade Review: 1H Chart of EUR/USD On Tuesday, the EUR/USD currency pair exhibited a movement that remains difficult to explain, even as of Wednesday. The first thing to note

Paolo Greco 06:50 2025-09-03 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.