UPDATE ON EUR/NZD TRADEEUR/NZD 4H - As you can see price is playing out really well, since posting the analysis on the 24th price has provided us with some good profits, I am expecting our TP to be hit by the latter end of next week.
Our SL has been placed underneath the last fractal low that was set in the market before this move that has recently taken us higher. The trade we have in play could provide us with up to 12RR.
This trade is currently running + 123 pips. (+ 4%) 4RR
It is very important that we take safety precautions when placing positions in the market, so if you have not done already I would look to move SL to entry and take a partial, banking profits.
Well done to anyone who managed to get onboard of this trade based on the analysis that was provided the other day. Any questions as always drop me a message or comment below!