Following the positive reaction to the NZD interest rate decision where they kept the interest rate the same, when a cut was expected, coupled with the negative UK CPI . We have the potential for a great continuation to the downside.
Entry = 2.0124 Stop = 2.0144 Risk = 20 pips Profit target = 1.9936 (the Daily KS) Reward = 188 Pips RRR = 9.4-1 Once this trade is up + 20 pips, move your stop to breakeven and let it run.
I would appreciate if you leave a comment or like as a thank you
Allen
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Trade closed manually
This is how I document trades, in addition to using the excel spreadsheet.
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