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.