Kiwi fruit bruised.

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = NZD : DAY Chart (Posted Below)

The "Market is always right" !

Having closely followed the cross and watching developments going to plan, you are never certain what the market can throw at you. Today, on the back of a news item, price has turned and gone up over 200 pips within 60 mins. This would have stopped out everyone who had gone short on the cross, an action that was full of ingredients for the price to come down. If you had been contemplating going long on the cross and awaiting the BOB, then you would have been presented with a BOB of some 240 pips, making entry some way off.

As Dynamic Traders, you WOULD have entered the short trade with a minimal stop loss and with correct money management not have been too shocked at your minimal loss before dusting down and looking for the next trade.

Some will, Some won't, So what, What's next ?

After the market absorbs the released news, RSI and Stochastics are continuing to show at an extreme and looking to regain their breaths. Time to review our thoughts and decisions of where price is going next. We are currently just short of the next breather level.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst



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