NZDUSD Breakout
Buy if it breaks out of upper trendline and a few candles close in the direction of the breakout. This breakout wouldn't be that big as the trend is very short. You might not want to take this trade.
Sell if it breaks the bottom trendline and a few candles close in the direction of the breakout.This would be a better breakout as the trendline has been validated multiple times. TP at support. You could also trade the breakout of the support.
Sell if it breaks the bottom trendline and a few candles close in the direction of the breakout.This would be a better breakout as the trendline has been validated multiple times. TP at support. You could also trade the breakout of the support.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.