Ideal levels to get long Pound are roughly 1.5550, 1.5450 and at last 1.5250. Fast moving trends seldom gives you a chance to get in exactly at the level of your desire. So what to do then? Instead of sitting on a fence, we would like to dabble with long near 1.5550 give or take few pips and trade around that level to bring the break-even point down. We will start small but if it establishes there then would be aggressive in position size.
Check out our NZD/USD trade which has given us 90+ pips so far.
UPDATE: Long entry filled at 1.5555 and taking 50 pip profit here at 1.6000 on partial position. We will keep it tight for the rest of the position and manage it actively in case Carney effect wears out ;)
Check out our NZD/USD trade which has given us 90+ pips so far.
UPDATE: Long entry filled at 1.5555 and taking 50 pip profit here at 1.6000 on partial position. We will keep it tight for the rest of the position and manage it actively in case Carney effect wears out ;)