Nzd/usd long by aremu

Pair; Nzd/usd, Timeframe; Weekly

Long or Short: Long

Entry Point: 0.7910

Stop Loss: 0.7880

Profit Target/s: 0.8050

Reward-to-risk Ratio: 1:4.67

Risk percentage: 1%

Indicators: Fibonaci retacement, stochastic

Trade Rationale: I belive the pair still has more room to Lproceed higher.

I plan to break even as soon as pair moves above 0.7950.


$NZDUSD; interbank market open at 0.7870’s.