Thought I'd try keep up my namesake and post an NZD idea.
Looking to re enter another short position catching upswing volatility around / during / after announcement (circle area )- so I can keep my stops tight. Not too worried that I will miss this trade. Hoping for a double top at area where MA 50 and MA 200 squeeze together around recent resistance just below 0.91000.
Will take epic Hawkish news to break and close above that level in my opinion.
Still bearish in the immediate short term but bullish after price settles. Somewhere around recent strong support area in the 0.8880 area. From there on? I will let the wave theory and pattern guys take over.
---- Trade smart, trade within your limits , don't be an egg -----
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Should start seeing some lateral movement now as we enter US trading time.
BUT - Let's see how many Bulls there are out there
Those of you with greater risk appetite can tweak entry to suit your limits. Not too keen on this as I will be in a long hull flight during the announcement and can't monitor the trade if it triggers. It would make for a nice surprise afterwards though :)
kiwiwalnut
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and still short NZDUSD - don't like doubling up on crossed pairs