NZD/USD 1 hour
Long or Short: long
Entry Point: .7840
Stop Loss: .7790
Profit Target/s: .79 and .7950
Reward-to-risk Ratio: 1.5:1 on first position
Risk percentage: 1%
Indicators: RSI
Trade Rationale: Risk appetite has picked up. I think that this will continue next week. The break of the consolidation would also be a good sign that the pair will continue to trade higher.
Trade Adjustments: Move stop to breakeven when first take profit point is hit.