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NZDUSD +5.6% final trade of the week.
Very simple thought process behind this one. We had a huge extension because of the news yesterday and what everyone should know about price action is that it likes to be trading around a mean value. For those that dont know what that is you can see it using a 50 EMA.
Whenever price has moved away from its comfotable value more often than not it will come back. .
In this case this is exactly what happened and the reason I took this trade. I dont use indicators but once you understand this you will be able to judge it based on your visuals.