piphunters
Long

EURNZD: Buy the break out

FX:EURNZD   Euro Fx/New Zealand Dollar
678 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:
snapshot
Comment: structure slightly changed since first chart was posted, but that doesn't change anything much, expecting more upside soon
I think you might not get a chance to buy in this timeframe before a significant rally.
Reply
piphunters IvanLabrie
yes, I am using shorter time frames to track it
+1 Reply
IvanLabrie PRO piphunters
Cool, see you at 1.8 mate.
Reply
piphunters IvanLabrie
thanks :)
+1 Reply
Hi piphunters
What would be an example take profit and stop loss in case of break-out?
Thanks
Reply
Totally agree, good luck (Ive almost published it too haha)
Reply
where would you place your SL
Reply
piphunters tony12000
somewhere below the corrective structure right?
Reply
What should we do now?
Reply
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
I hit SL on last monday. But now I just watching what happen next.
Reply
Okay. Wish you better luck next time
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out