Euro / New Zealand Dollar
Short
Updated

EURNZD - 1H - Consolidating

68
Im not interested to buy EURNZD for obvs reasons, but we have a very nice setup here if we manage to break below current consolidation
Trade active
target setup
snapshot
Note
if we break the currently consolidation i will be lookign to bring my stops above it, so nearly breakeven.
thats why im also looking for a addon to the position below it
snapshot
Trade active
addon active. stops for original position above the highs of the orange consolidation, so nearly breakeven.
targets for addon are the same as with original breakout(maybe i change this up abit. i keep u updated)
Note
TG1 hit for origial position and addon. stop to breakeven for both
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All stops above the recent swing. due to stops being set to breakeven earlier today, they werent really in a structure based place and overall weirdly placed in comparison to structure. so i happily book a little more profits by improving my stops.
now lets see if we can make lows for the month
Note
second addon in sight.
snapshot
Trade active
second addon active
Note
by the way. stops of original position and addon (as well as second addon ofc) a few pips above recent flag/round number at 6400. dont wanna see the start of a bigger retracement here, which would most likly carry us all the way to the blue channel or the latest white box again.
and that is more profitloss than i am willing to risk.
Note
if we break this flag to the downside i will pull my stops of the latest addon(but only those) above the this flag, which would put me at 0 risk again.
so im also selling this as a third addon.

probably my last tho since i dont wanna have 4 addons for target 2 and dont wanna look for more addons beyond target2

snapshot
Note
lost its shape - broke to the upsid, so no further addon so far here.

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