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