AlexandreNygal
Long

NZDUSD : Get inside both short and mid term bullish trend

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
The NZDUSD             pair is fluctuating inside both short term and mid term upside trends, with the easily recognizable tops and bottoms that are oriented upside.

After a constructed drop in september and early october, NZDUSD             has made a bounce at a great support point :
- The ascending trendline support that shows the pace of the mid term trend
- The 150 days moving average , which constitutes a dynamic support since March of this year.
Since that bounce, the short term construction is also bullish .

The current drop makes a great opportunity to enter long on this pair, with the following simple strategy :
- Open long under 0.7200
- Stop @ 0.7085 (below the previous bottom)
- Target @ 0.7380 (just bellow the previous top to make sure you get executed if the scenario is favorable)
Reward/Risk ratio = 1.56

This scenario is short term ; if the stop had to be reached then we would seek to enter later, for example near the major support.
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