EUR/NZD Long pos High Probability Trade 1 : 10 Risk to Reward

Explanation : This is a long term swing trade that will conclude in about 3 weeks. It show cases 5 confluences which are stated below for clarification.


Confluence 1 :Bullish Trend line on the Daily Chart
Confluence 2 :New Found Minor Support line dating back from 21st December 2018
Confluence 3 :Fibonacci Retrace showing the aligning of the 61.8% position together with confluence 2
Confluence 4 :Historical Minor Resistance dating back from 2 November 2018
Confluence 5 :Awaiting Retest at Buy Limit 1.67725 together with the appropriate hammerhead candlestick

Details as follows :
Entry : 1.67725 Buy Limit
Take Profit 1 : 1.71930 ( 50% point as per historical resistance)
Take profit 2 : 1.78000
Stop Loss : 1.66700
Risk : 280
Reward : 2048