NZDUSD is breaking out the downtrend line
2 ways to enter:
1.) Wait for H1 close for more conservative trade, enter the trade at the next bar with wider stop-loss
2.) Enter the trade now with reasonable stop-loss (20 pips) and beware of false break as the breakout volume is not significant yet
2 ways to enter:
1.) Wait for H1 close for more conservative trade, enter the trade at the next bar with wider stop-loss
2.) Enter the trade now with reasonable stop-loss (20 pips) and beware of false break as the breakout volume is not significant yet
Comment:
The take profit area can be around the same level as around the recent peak (key resistance)
Trade active
Trade closed: stop reached