EURNZD: Buy the break out

FX:EURNZD   Euro / New Zealand Dollar
679 12 35
EURNZD             has broken out of the correction to the upside, buying the pair after consolidation above the trend line is a good idea.
Comment: structure slightly changed since first chart was posted, but that doesn't change anything much, expecting more upside soon
What should we do now?
what did you do? this setup is not valid anymore, it broke up somewhat as you can see when you play the chart, but was choppy and not as expected so I suppose you should have closed in somewhat profit, got out for a break even or got SL, if none of this happened we have a problem here...
Thet piphunters
I hit SL on last monday. But now I just watching what happen next.
Okay. Wish you better luck next time
where would you place your SL
piphunters tony12000
somewhere below the corrective structure right?
Totally agree, good luck (Ive almost published it too haha)
Hi piphunters
What would be an example take profit and stop loss in case of break-out?
I think you might not get a chance to buy in this timeframe before a significant rally.
piphunters IvanLabrie
yes, I am using shorter time frames to track it
+1 Reply
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