The trade has had a nice move lower today helped along by poorer than expected New Zealand CPI. Taking this opportunity to move the stop to .8805 (break-even). Take-profit still at .8683
JFx Model buys back the short NzdUsd at .8614. The trade lost 73 USD pips. The post RBNZ price action was the opposite of what I was hoping for.
JFx Model SELLS Nzd/Usd at .8541 Stop/loss at .8613 Take/profi at .8413
JFx Model’s long Nzd/Usd has been closed out at .8521, gaining 150 pips in USD terms. The original take-profit was at .8533. This is close enough going into the US non-farm payrolls, why risk it. on to the next one
JFx Model’s long Nzd/Usd stop is moved from .8371 to .8441. This locks in 90 pips in US terms and still gives us enough room to capitalize in the event of a weak U.S. Non-farm payrolls tomorrow.
JFx Model moves the stop on the long Nzd/Usd to break-even at .8372.