The808Trader

EUR/NZD - Ichimoku Long Trade Idea

Long
FX:EURNZD   Euro / New Zealand Dollar
This pair has been on my radar since the initial breakout. I am looking to enter a second position once we get a drawback to support. I am looking for price to fall a little and to be met by tenken sen to look for my buy entry and confirmation. I am still targeting our previous high as my TP, but I will probably only close partial position there and let the rest roll with an adjusted stop loss as long as the trend holds. Keep in mind there is a lot of news this week that could invalidate this trade this week, expect high volatility, and always be sure to protect your capital first, before worrying about growing it.

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