NZD/USD - quick in quick out explained
us and the team this morning placed a trade on NZD/USD to the upside for a quick in quick out to our next daily zone. The reason for placing this trade is that from our fundamental data we was able to identify that the NZD has been strong for quite a few days and the USD has been the weakest currency. What we saw that make us execute on this pair is a break of our daily zone, exhaustion and then multiple 1h pin bars signalling that buyers clearly have control over this pair. We have now moved our stop loss to entry so are in a risk free trade and are going to monitor closely after this impulse move tot the upside.