SergeantPringles

NZDUSD - Breakout in sight

Long
SergeantPringles Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
31
if we break the current consolidation we can expect the market to go up for the next month or even longer.
i will also look to trade lower timeframes but i also will have this long term position
Trade active
Comment:
gettin close to my stops. the rest of the way to my stops i will be looking for a hedge, if we go lower from here.
since we broke the orange triangle and are now consolidating below it, i will be looking to sell if we break consolidation to the downside. that way i will hopefully profit from the fact that im gettin stopped out on the big position and can hopefully make up my loss.
Trade active:
short hedge active.
this will be my rouhg target setup for the moment anyway.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.