One of my favorite types of trades are these divergence trades. So, All that needs to be done is a pullback. And I have to determine which will be faster, AUD or NZD. My pending orders are in! Besides this...I am in other trades, like USDJPY .
I am still holding this loser. NZD is stronger than AUD at the moment. I am now bearish Australia against the dollar. Not sure about New Zealand yet.
Trade closed: stop reached:
Trade almost went to target...but I was stopped out.