Is this the start of a new trend?

On a higher time frame this pair tends to move in a very distinctive back and forth pattern. I've been looking for the change in trend for a few months and this could be it.
With today's RBNZ interest rate expected to stay the same all ears will be listening to the statement for future movement. Given the current set up on the 1H timescale it may be an ideal entry. Wait for the break as we do not know what RBNZ will say and how the market will react.

I'll update this idea as it develops

This is not investment advice
Steve Nixon
Trainer & mentor

Yorum:

Yorum:

I hope you all caught some of this

Yorum:

Moving as expected and hoped for

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Still going