Went away for a quick break!!!!! Anyway Back To It .......
Okay So please see previous post dated 10th May: RBNZ Cash Rate Announcement today !!!!!!!!
Its always nice to let a trade come to you if you go chasing I find that's when problems occur , anyway we were going to get in @ 78.30 originally but RBNZ said they would be accommodative for now, and well you guessed it investors didn't like the sound of that , so we removed our entry and as stated waited for a better/safer confluence to get in, that was 76.60 .
We got filled and the trade is still active, we have locked in a 140 pips for now as our stop is set @ 78.00 .
We expect this to move sideways a bit as its on the 0.618 fib line resistance right now, and needs to decide what it wants to do ......
Also sorry for the radio silence the last couple of days, I went away on a short break and yes it was lovely .............
So back to it lets make some pips .............
Its always nice to let a trade come to you if you go chasing I find that's when problems occur , anyway we were going to get in @ 78.30 originally but RBNZ said they would be accommodative for now, and well you guessed it investors didn't like the sound of that , so we removed our entry and as stated waited for a better/safer confluence to get in, that was 76.60 .
We got filled and the trade is still active, we have locked in a 140 pips for now as our stop is set @ 78.00 .
We expect this to move sideways a bit as its on the 0.618 fib line resistance right now, and needs to decide what it wants to do ......
Also sorry for the radio silence the last couple of days, I went away on a short break and yes it was lovely .............
So back to it lets make some pips .............