NZDUSD Long after breakout
Updated
NZDUSD has made a breakout of both the channel it was in and the double top formation made in late 2015. Currently waiting for a retest of the double top to enter LONG. Price is currently consolidating in a bull flag formation.
Keeping S/L fairly tight as any break below the double top indicates a false breakout. There is hardly any resistance until 0.716 area so aiming high. This is highly dependent on the NFP and unemployment data coming out on Friday so I will be watching closely for that.
Entry: 0.6879
S/L: 0.6850
T/P: 0.7160
Thanks for looking, good luck!
Keeping S/L fairly tight as any break below the double top indicates a false breakout. There is hardly any resistance until 0.716 area so aiming high. This is highly dependent on the NFP and unemployment data coming out on Friday so I will be watching closely for that.
Entry: 0.6879
S/L: 0.6850
T/P: 0.7160
Thanks for looking, good luck!
Order cancelled
Relatively good employment news for FED means staying out of this one and all USD pairs for now
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