0.6900 was a big resistance level.
I wanted this risk sensitive pair short for many reasons. But mainly, the Covid-19 vaccine news where digested much faster than anticipated by the markets, and I would say we have now clearly reached the point where we need more substantial news than early trial based vaccine results.
Additionally, I like the NZD short as per the RBNZs monetary policy as of late.
Had a Sell Stop order at 0.6890 triggered over night, providing the potential of up to 17x RR ratio.
I wanted this risk sensitive pair short for many reasons. But mainly, the Covid-19 vaccine news where digested much faster than anticipated by the markets, and I would say we have now clearly reached the point where we need more substantial news than early trial based vaccine results.
Additionally, I like the NZD short as per the RBNZs monetary policy as of late.
Had a Sell Stop order at 0.6890 triggered over night, providing the potential of up to 17x RR ratio.
