No traffic option anymore for Instagram ads in FB Manager?

I figured out that my new promotions made in the instagram app have a new bid strategy by default.
They all are centered around lowest cost for interactions and in 2018 it was lowest cost for link klicks.

My promotions in 2018 where extremely successful and i was wondering the whole time why my recent promotions all suck and do not convert at all.

Anyone got experience with that?

I cant seem to find this option anymore.