2. BOE interest rate decision
3. NZD Interest rate decision
Entry @ ~1.97000-1.98000
SL @ 1.20050
TP @ 1.89575
The 2.00000 level is a key level. If broken I believe this pair could traverse to the upside voiding this setup.
SL moved to entry
Still running. Expecting a pullback to 1.95/1.96 before continuation. Closing half.
As expected, a pullback was seen today. However, this was a fundamental move sparked by Brexit progress with regards to a deal that caused the surge upwards. This was stated initially in the trade idea as a fundamental factor to consider.
Incrementally taking profits is a good way of securing a trade as it progresses.
The pound is performing very well from the positive Brexit negotiations currently happening. Major fundamentals have the potential to void technical analysis like in this instance.
What I've learned over the past few years is just how critical it is to use not only your eyes on the charts, but your ears for the fundamentals. Always consider both prior to entering a trade!