The Aud/Nzd broke the SurpriseBox on the 4h chart down. The latter was out of a 200sma and 50sma area. It made a Head and Shoulders Pattern Formation. After the news of the RBA the pair rallied hitting my stop.
Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only post public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations. By SurpriseTrade@gmail.com
Again, my heart and prayers go to the victims of SuperStorm Sandy on the East-Atlantic Coast. Wish for a prompt recovery from this massive natural disaster.
