A very active start to the UK session with the pairs moving quickly and getting away . The NZD had been very active in the Asian session, quite similiar to the AUD trade we took last week. We looked for signs that it would reverse and entered long. We were quickly rewarded but a very wicky candle formed within a half hour, so we tightened our “take profit” and the trade closed the following candle – locking in 20 pips.
Be careful never to chase trades.
Back tomorrow.
Good luck with your trading!
