UnknownUnicorn483829

4 Hour Long Trade NZDUSD - 1:4 Risk Reward Potential

Long
FX_IDC:NZDUSD   New Zealand Dollar / U.S. Dollar
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1
4hour Long trade from daily support.
Market has broken through resistance, it is now support.
If at 2am GMT this candle stays bullish , I am trading it under the low for a 1:4 Risk / Reward Ratio.
I was initially taken out trading the previous train tracks (highlighted with arrows. as would be the equivalent of a nice Bullish candle on the 8 hour.) however I'm now looking to get back in.

Entry at 0.7216
Stop at 0.7195
TP at 0.7320