On 24 October, RBNZ hiked the Cash Rate by 25 bps as expected
How do we trade this using technicals?
Have a look at our Indicator that filters out NOISE from the trade and let you trade in the RIGHT DIRECTION
NOTE: YELLOW CIRCLE IS THE FIRST ARROW AFTER THE NEWS
1. Trade all NZD pairs
2. Trade in the direction of the Arrow
WIN PERCENTAGE: 100%
1. This percentage win is very big and all the days can not be the same. We have to be on the right side majority of the time
2. Watch out for the STOP LOSS HUNT. Majority of the time, the Banks fake out so they can enter the game. Although our indicator takes out major fake outs but still it is used on 1 minute timeframe.
3. Try to maintain a minimum of 1:1 risk to reward ratio.. 1:2 is ideal.