piphunters
Long

EURNZD: Buy the break out

FX:EURNZD   Euro Fx/New Zealand Dollar
678 12 35
9 months ago
EURNZD             has broken out of the correction to the upside, buying the pair after consolidation above the trend line is a good idea.
9 months ago
Comment:
snapshot
9 months ago
Comment: structure slightly changed since first chart was posted, but that doesn't change anything much, expecting more upside soon
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IvanLabrie TOP
9 months ago
I think you might not get a chance to buy in this timeframe before a significant rally.
Reply
piphunters IvanLabrie
9 months ago
yes, I am using shorter time frames to track it
+1 Reply
IvanLabrie TOP piphunters
9 months ago
Cool, see you at 1.8 mate.
Reply
piphunters IvanLabrie
9 months ago
thanks :)
+1 Reply
jaxx
9 months ago
Hi piphunters
What would be an example take profit and stop loss in case of break-out?
Thanks
Reply
Piet.Hein
9 months ago
Totally agree, good luck (Ive almost published it too haha)
Reply
tony12000
9 months ago
where would you place your SL
Reply
piphunters tony12000
9 months ago
somewhere below the corrective structure right?
Reply
Thet
9 months ago
What should we do now?
Reply
piphunters Thet
9 months ago
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...
Reply
Thet piphunters
9 months ago
I hit SL on last monday. But now I just watching what happen next.
Reply
piphunters Thet
9 months ago
Okay. Wish you better luck next time
Reply
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