Ideal entry for a short swing trade. Bad NFP numbers caused a huge surge for gold.
Good long term play here. I have build up several positions between 2400 and 2418. Will continue to add if it goes higher.
Long term position for UJ
Retracement. Tight SL. Move SL to lock in profit or manually close if needed.
With the RBNZ still leaving the door open for further easing, NZD is still bearish. I see this as a perfect time to enter short.