Impulsive upwave yesterday, followed by a flag correction.
Anticipating the end of the correction, spliting my position 50% on NzdUsd buy and 50% on AudNzd short.
Centralbank was suprisingly bullish yesterday, and i am playing this idea.
Just to clarify i am not expecting a huge rallye on this trade, i think if all goes well 30-40 pips profit are a great achievement, but if you notice the stop is also only 11 pips. So the R:R is still decent, or else i would not consider this trade worth taking.
Trade geschlossen: Ziel wurde erreicht:
Closed position +33 as planned.
I was really patient with this trade. I started monitoring after the centralbank decision, and this impulsive bull run. That was the first clue, then i started waiting for a retrace to enter. Waiting is such an important part of this business. Selection and patience.