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
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entries are no longer valid though.
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