NZDUSD: Retest After Breakout (A Very Favorable Risk Reward)

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Hey traders here's a hard version of the trade I showed you in today's video (You can find the link to my youtube page in the "signature section" below).

Previously we were watching and involved ourselves in the ascending triangle breakout. Now that price action has returned to our previous level of potential structure support , we'll be keeping an eye out for another bullish trading opportunity.

The RED & GREEN box ARE NOT my entries,stops & targets (for those of you who like to blindly follow) It's simple a visual representation showing you how massive the risk to reward ratio can be on this particular trade.

Good luck today traders!!
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Hope you got out without too much loss
I like to see the DXY/USDOLLAR first. But I still think the trade is valid.
news resulted in a stronger usd.... so is the trade still valid sir?
TheSmartInvestor flirticious.xee
I think it is still valid, but I am not going long for now. Will wait what happens next week.
And what is your opinion based on the butterfly pattern in H1 ?
+1 Reply
365ithelp 365ithelp
and ... its a doji in week
+1 Reply
I don't trade that particular pattern formation so it's not something I looking to get involved in
365ithelp Akil_Stokes
there is another bat in h4 ... 1st target close to .72300, 2nd target .71720
+1 Reply
Good luck with it!
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