EURNZD has given a second chance to get into this position on the daily previously the market retraced to the .500 level which long term take profit level at 1.5900 at this point today that is 1200 pips away. The origninal stop os 1.7350 which 50 pips above a major monthly and weekly resistance that is 200 pips away. The risk reward ratio on this movement to me is too good to pass up with it being a 1:6 risk to reward ratio this movement will not happen overnight so equity management and patience is a must on the swing of this pair however this has a chance to generate a huge profit if you are willing to wait on the movement.
If you are not in our signals group and are interested in joining like this idea and follow this page and I will send you an invite. Here at Carter Kyle Capital we are the Fighters of Financial Freedom helping 1 trader at a time.
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Trading FOREX on margin carries a high level of risk, and may not be suitable for everyone. Past performance is not indicative of future results. Carter Kyle Capital will not accept liability for any loss or damage directly or indirectly from reliance of information.
If you are not in our signals group and are interested in joining like this idea and follow this page and I will send you an invite. Here at Carter Kyle Capital we are the Fighters of Financial Freedom helping 1 trader at a time.
What are YOU fighting for? bit.ly/carterkylecapyoutube
Trading FOREX on margin carries a high level of risk, and may not be suitable for everyone. Past performance is not indicative of future results. Carter Kyle Capital will not accept liability for any loss or damage directly or indirectly from reliance of information.