EURNZD Update

2019年8月6日

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.

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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.