NZD moved up nicely after initially testing the breakout traders’ conviction. As price moved up with news out of the way, the initial stop loss is moved up to plus one. As price continues to rise, profits are protected by structure. Price moves through both our targets in one candle. As price pulls back, the trade is closed at Target 2.
Be aware of FOMC tomorrow during the US session.
Good luck with your trading!
Back tomorrow if we find a trade.
