NZD/USD has been in a consolidation range since 2016. The daily chart below shows the rough resistance/support areas.$NZDUSD Daily Chart(click to enlarge)Range Support:- As we can see on the daily chart, price has been holding above 0.6790, and below 0.75 since the second half of 2016. - 2 years later, price is right around the range support. Reward to Risk Consideration:- Let's consider a trade idea around the range support. - Let's say we have an buy limit at 0.6820.- Let's put stop at 0.6740. - What would we expect a target to be? There is no prevailing uptrend. The rally in 2015-2016 was only a rebound from a prevailing downtrend. Basically, if the prevailing trend was more bullish, we could reasonable anticipate a push back towards 0.75. - However, we might want to use a conservative target like, 0.71-0.7150, which is in the middle of the range.- Let's take the conservative end: 0.71.- With the entry: 0.6820, stop: 0.6740, and target: 0.71, we have a 180 pip target to a stop that is 80 pips away.- This carries a better than a 2:1 reward to risk profile, which means if you are only right just half the time on trade set ups like this, you will be making gains.