NZDUSD is setting up for the breakout. Watch for the breakout and look for buy on breakout.
Make sure you buy the strong breakout not corrective.
If we are doing to see corrective breakout then let the correction get bigger then look for breakout.
In case if we dont see breakout and price starts to form a bigger correction then look for 618 or 786 of your fib line and look for buy before the breakout.
Hope this will help how to trade on this setup.
We are having a huge potential on NZDUSD for longer term. If we see strong breakout then you can hold this long for longer term rather than for next leg.
Good Luck.
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Thats called breakout Hope those who have seen this chart on time are in.
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We have seen change in pattern formation. But new pattern formation played pretty good. So we are already in from bottom and looking for longer term reversal on it. If you are great if not then let it forms a correction and look for buy.
@NickPadovani, Err, rather I set my limit at that target line.
balintmisi1
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Hey, I'm interested what were the signs, how did you know that there was going to be a breakout.
nishu900
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Can you please elaborate , How to trade this breakout as its already been moved many pips ?
Do we need to place entry on close of the candle ? If we have to enter on close, then i think nobody is in profit as of now.
Just opened a long myself! good luck brotha!