Currency Power Ranking Makes Money

The NZD/USD has been the weakest currency for 2 straight days.  It turns out that this information made me the quickest 22 pips I’ve ever had.  I never traded the NZD before this evening but consulted the charts to see how "oversold" it may have been.  From the 180-minute chart, I noticed the pair had major support at .6830 and a downtrend resistance line directly above.  I decided to short the pair at .6864 with a tight stop right above the resistance line.  I sold at 21:14 EST, the pair shot down to .6842 where I closed the position at 21:21 EST.  That’s 22 pips in 7 minutes for a pair not known for its volatility.

The pair has since broken through support (no candle close) but when a gift is handed to you, be thankful, not unappreciative.  

After taking a mini-hiatus early in the week,  I’ve managed to rebound from last week a bit.  I’m currently up 59 pips and over $500 but there are still 2 trading days left.

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