After the break of the bearish trend on the 1h chart and the negative US data, we are presented with the opportunity to enter a long trade on the pair with a tight stop and a very extensive target.
The first target will always be half position take at the 1:2 RR to take any profit from the trade but on the long run, it may survive a long swing if unemployment NZD data will come out long during the next day.
NZDUSD
The first target will always be half position take at the 1:2 RR to take any profit from the trade but on the long run, it may survive a long swing if unemployment NZD data will come out long during the next day.
NZDUSD