JoshFX1
Panjang

EURNZD Showing A 550 Pip Move

FX_IDC:EURNZD   Fx Euro/Dolar New Zealand
EURNZD has been in a downward channel for a while now. Currently its very close to either reverse in a nice wave back up or a smaller correction wave up. Both scenarios can make nice pips and in the best case of a reversal we can see a possible 550 pips. Also the price is touching a nice support zone right now.

Please Note however that due to the huge swings in eurnzd this is a high risk trade.

Entry: CMP
Take Profit: 1.5730 > 1.5980
Stop: 1.5350
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