bruzzese1
Long

NZDUSD Long after breakout

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
40 0 5
NZDUSD             has made a breakout of both the channel it was in and the double top formation made in late 2015. Currently waiting for a retest of the double top to enter LONG. Price is currently consolidating in a bull flag formation.

Keeping S/L fairly tight as any break below the double top indicates a false breakout. There is hardly any resistance until 0.716 area so aiming high. This is highly dependent on the NFP and unemployment data coming out on Friday so I will be watching closely for that.

Entry: 0.6879
S/L: 0.6850
T/P: 0.7160

Thanks for looking, good luck!
Order cancelled: Relatively good employment news for FED means staying out of this one and all USD pairs for now
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