STAM – NZDCHF S1S – 25th Feb

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GBP is very strong (14 points).  NZD is medium (9 points).  I decided it was ok to trade strong vs medium here because the rest of the setup was good.

One point that I just noticed – which argues against taking a short position here – is that on the 4H chart, it actually looks as if the pair is trending up.  The pair made a higher low on 24/2,

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