The USDOLLAR has broken out after rejecting a major area of resistance and subsequently lowered the value of the NZD across the board. I've been watching this develop for sometime after seeing the wedge pattern and divergence as well. I am long at 1.489. Stop loss is 1.479. Targets the 1.58 area and maybe further. A potential of 10:1 on this trade.
Trade closed manually:
4:1 achieved. Time to close because of the rate hike causing some uncertainty.