I never sold/bought based on news/elections or seeking to expect them. Just supply/demand . Highs and Lows that are Greater / Lower Lows and Lower Highs. In some cases I am surprised the price respond in the direction the commerce is opened by me. After that, I come here and check wich occasion was. Never see to news. Of course, at times the price go against me, but majority of news are released in the direction I've the transactions. Typically, I am out ahead of the news because I'm scalping the market although not because the fear but because my TP is hit. Coincidence ?
Stressfree trading .
The NZ elections are causing this particular pair to be bearish but NZD remains overbought and there is no inflation which may cause the central bank to reduce the interest rate
the outlook is very likely to be bullish after the elections hysteria is over
similar thing occurred throughout the U.K elections when the GBP fell across the board and then retraced greater
. Position is started by me.
Likely in many stages.
With good money management, can triumph.
I calculated it when the price goes against me personally.
I plan on a longer duration.
We will see.
To open short the price is probably higher, even higher. This ought to be calculated.
Good money management.
I'm very much interested in the possibility of longer term longs with this pair and I'm considering this level for price action:
It's the July high, now turned service, and a 38.2% retrace of the nice new high we got this month. A logical turning point for bullish traders.
a short position closed.
Since my expectations have been fulfilled.
Today I don't see more options inside.