Description
⋅ Looking for NZDUSD to break down lower since it just left the middle of a range.
We have just seen a large bearish candle trading aggressively lower indicating the downside is most probable.
Entry: 0.69896
SL: 0.70355
TP: 0.69248
Trade closed manually
⋅ I closed this out in my demo account since my stop was hit.
Price is currently consolidating within a range and may trade higher, this depends on whether it decides to break higher or lower in the range.
I am still expecting lower prices but I am not currently in it.
Comment
⋅ Damn NZD monetary policy announcement in our favor for this trade. Forgot about that.