On the NZDUSD currency pair, we are observing a bullish setup, where the price has attempted to recover by bouncing around the 0.6240 area, where a demand zone is located. In that zone, the market has shown a bullish setup, creating a point of interest (POI). Following the Forex48 strategy, I have opened a trade with a risk-to-reward ratio of 1:2.
I would like to know your thoughts.
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