This rectangle pattern on the daily chart of EUR/NZD offers two breakout trading opportunities. The borders of the rectangle are marked with the yellow lines. My potential entry levels are where the cyan lines are. My potential take-profit levels are at the green lines. Stop-loss can be set to the low/high of the breakout candle (not shown on the chart).
Trade active:
Long trade entered today at 09:09 UTC at 1.68302 with SL at 1.67447 and TP at 1.69635.
Trade closed: stop reached:
SL of 1.67447 hit yesterday at 17:00 UTC.
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