piphunters
Long

NZDUSD: Buy breakout

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
1040 14 38
The pair is breaking out of the corrective structure to the upside providing a good opportunity to buy after a confirmation of break, right now there is also a chance that it may go down to complete an expanding triangle but I will be buying as soon a confirmation of a break is noted to me.
Comment: The setups posted here are not trade calls and are intended for informative purpose only and I am unable to post everything here on Trading View, if you would like to get all my setups together with exact entries and exits with please visit http://www.thepiphunter.com and subscribe.

Wish you good trading!
Any updates on this one?
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it's not going anywhere at the moment
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I see you have a lot of breaks of corrective structures, where do you put your stops and take profits?
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I don't keep them at a fixed point, for me it all depends on the risk appetite and risk reward ratio I am looking for.
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ztokar piphunters
What I mean is, Do you put your stop under the corrective structure or behind the breakout candle?
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structure, not the candle
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YES
NZDUSD Breakout play Bullish

+1 Reply
piphunters AlexxChan
good luck mate
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Wendel1 PRO piphunters
Sorry, I am a beginner.
What is a confirmation of a break for you? Thanks
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piphunters Wendel1
well there are several approaches to it and not easy to explain it here in a thread
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