Another rally is possible. Support is active and the trend largely intact. have your SL below 0.842.
Comments
Ozayevable
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good call there.
ForceFollower
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Thanks. I just should have set a more ambitious target.
delete3
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I still think DOWNTREND is inevitable. RNBZ may cause high volality maybe last break up before going downtrend for some weeks to come...
ForceFollower
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Thanks for your comment. Actually we're about to find out very soon. I hope you're not my Cassandra! :-) Anyway, my stops are in place - if my broker's spreads go wild and stop me out, I will wait and see. When the dust settles down, I will assess the situation once again and see what I should do.
delete3
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Good Luck.. I rather decided to see what happens.. but surely placed sell stop Since I wouldn't risk bounce from top that may never be seen for weeks..
ForceFollower
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How are you doing after the news announcement? Are you in with your short and where is your SL?
delete3
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Opened short with 0.85.050 on top.. lets see SL 0.85850
ForceFollower
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Only now? So you should be good. Your SL is higher than my TP, which is at .85355.
delete3
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well I opened before.. but closed to see before announcement.. Downtrend is still my scenario.. just being cautious.. Glad you made profits :)
ForceFollower
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Thanks. I've already taken my profit on my NZDCAD (maybe too soon?), still running NZDUSD.