NZDUSD H1
With RBNZ interest rate decision coming close (August 6/7) ,
We should be expecting tons of volatility in NZD pairs.
==============================================
What we already know:
NZD is likely to cut rates given the fact that a sell off had already happened. The effects are already priced in.
The interest rate however, is going to have some bullish momentum in the initial release before a further rally downwards is achievable.
================================================
Marked out 2 simple zones where price can go to with the initial spike.
Place 2 sell orders respectively. One or both may trigger.
Risk management is important. Will update.
==============================================
With RBNZ interest rate decision coming close (August 6/7) ,
We should be expecting tons of volatility in NZD pairs.
==============================================
What we already know:
NZD is likely to cut rates given the fact that a sell off had already happened. The effects are already priced in.
The interest rate however, is going to have some bullish momentum in the initial release before a further rally downwards is achievable.
================================================
Marked out 2 simple zones where price can go to with the initial spike.
Place 2 sell orders respectively. One or both may trigger.
Risk management is important. Will update.
==============================================
Trade closed manually:
Update:
Woke up to NZD going exactly as i expected the news to bring it too. However price failed to reach my sell zones and thus i missed this good opportunity to short the pair.
============================================
Idea Closed:
Realised Profit: 130.5 pips
Profit: -
Woke up to NZD going exactly as i expected the news to bring it too. However price failed to reach my sell zones and thus i missed this good opportunity to short the pair.
============================================
Idea Closed:
Realised Profit: 130.5 pips
Profit: -