Hello traders!
AUD/NZD ran out of steam, so while looking for further opportunities to short the NZD
I found the GBP/NZD this morning before the London open, because it would not budge below
the 2.000 level (a strong, round-number level for the pair)…
I entered at 2.006 and it is now up +56 pips…
An expensive long, costing double the ‘normal’ amount (i.e. to get 1 pip rising 1 currency unit it costs double,
i.e. 20k instead of 10k), but it will be worth it… Trailing stop in… Here we go!
PipMeHappy:
Hello traders!
AUD/NZD ran out of steam, so while looking for further opportunities to short the NZD
I found the GBP/NZD this morning before the London open, because it would not budge below
the 2.000 level (a strong, round-number level for the pair)…
I entered at 2.006 and it is now up +56 pips…
An expensive long, costing double the ‘normal’ amount (i.e. to get 1 pip rising 1 currency unit it costs double,
i.e. 20k instead of 10k), but it will be worth it… Trailing stop in… Here we go!
I took my longs in the GBPNZD as well (slightly higher than your entry, but positive nevertheless). I think we could see a stronger rally unfold in this currency pair.
[B]Fantastic trade!!!
Up +144 pips so far!![/B]