FX:EURNZD   Euro / New Zealand Dollar
62 3 6
eurnzd             is about to break out of this channel. if price manages to pullback, we can get an entry. i expect and prefer the pullback to be somewhat sharp rather than a sideways movement. may pullback to 38.2 or 61.8. i most likely will not trade this setup as it does not yet match my risk to reward apetite but its still a good setup so i still post it. who knows maybe price action gives me a very good entry this week and i do take the setup
Trade active: bought after i saw the big candlestick rejection off the 38.2. sl was placed under the candlestick rejection. gave me an ideal r/r so i entered.
entries are no longer valid though.
what is the reason to buy from 1.5409 ? please explain me bro.
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DAVID_GIRALDO UnlovedRashedKhan
no particular. i was just expecting a pullback. market is making a correction as expected. i most likely will not buy this breakout but you could if you want and know how to trade it. this to me is not a reliable setup as it does not seem as a valid pullback. if it goes i will sit it out
snapshot

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DAVID_GIRALDO UnlovedRashedKhan
now you see why we must make a valid pullback. eurusd wen up and eurnzd didnt. eurnzd tried and made a rejection. possibly a pullback now into fib levels
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