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