UPDATE ON EUR/NZD TRADEEUR/NZD 4H - As you can see price has played out really well for us over the course of the Sydney and Tokyo session, I would love to see this momentum continue, trading us all the way up and into the Supply Zone above.
I believe that once price trades us up and into the area of supply we may see price put in the next bearish leg giving us the ability to ride price back down, we have also been delivered with a higher timeframe bos as well.
This trade is currently running + 214 pips. (+ 7%) 7RR
As we know a BOS suggests a move to the side it broke structure or a continuation in this instance that price is currently trading in, we can expect a minor pullback though in order for price to set a new higher low.
It is important that you are all managing your trades correctly and you are taking partials throughout your position, I would also look at managing risk by applying safety measures like SL moves.