AnilSunda
Long

CONSERVATIVE LONG TRADE

FX:EURNZD   Euro / New Zealand Dollar
29 0 0
This is based more on chart reading for EURUSD             and NZDUSD             separately. The euro             is showing much more strength.
The EURNZD             chart is showing a rising 50 period bollinger band with the 4H bars consolidating above the 50sma.
The idea is that when this consolidation explodes, it is likely to move up and hit target quickly.
Risk: Reward is 1.7 approximately. So not too bad.
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