As you can see on the chart the pair NZDUSD just bounced of the 50 exponential moving average and also bounced off the Point of Control of the session volume profile. There was an increase in volume at the point of control where bears battled with bulls and the bulls won pushing the price higher creating a new support where the price bounced off. This is also supported by the 200 EMA and the higher timeframes. Enter at the 0.63500 and target 20 pips or more. My suggestion is you use a trailing stop loss or a 10 pip stop loss. Like and subscribe and comment if this helps you out.