r00ky

*Update* [W] EUR/NZD long

Long
FX:EURNZD   Euro / New Zealand Dollar
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2
After the inital long setup on EUR/NZD failed, the price went down to hit a support line, which is getting more and more important. If the support doesn't get broken in the near future, the price is likely to go up again. The upper trendline of the forming wedge limits the price, but if it gets broken, the price could go up towards 1.849 NZD. As the trade can be stopped just below the recent lows, the risk reward ratio is very juicy. A more secure approach would be to split the trade into two and take the first profit at the upper trendline. Good luck!

Comments

Agree...only one comment!Wait for Brexit before doing anything!If UK leaves the EU any SL you put would be blown away
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