SergeantPringles
Long

NZDUSD - Breakout in sight

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
1175 24 31
9 months ago
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
9 months ago
Trade active
9 months ago
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.
snapshot
9 months ago
Trade active: short hedge active.
this will be my rouhg target setup for the moment anyway.
snapshot
Congratulations! Your chart has been selected as the post of the day. This is a great example of a potential trendline breakout.
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D-Rod walker.england
9 months ago
I say mine should have.. lol
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D-Rod walker.england
9 months ago
i entered early becuz of bearish engulfing candle & i provide the fundamentals
news around the corner & good technicals
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pardis
9 months ago
CONGRATULATIONS MY FRIEND ...BRAVO
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SergeantPringles pardis
9 months ago
thanks ;)
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FXJakovskii
9 months ago
There is other level you gotta keep an eye on
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SergeantPringles FXJakovskii
9 months ago
isnt there always another level to keep an eye on ;)
but feel free to go a bit more into detail.
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hmmmpf
9 months ago
Good idea. But looking on dollar index, there stil seems to be buying pressure(price got rejected from resistance serveral times,now moving up) .I think price moves down again before breaking out. But nice work :-)
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SergeantPringles hmmmpf
9 months ago
i dont look at multiple charts. i take my trades based on one chart and one chart only and view the others seperatly. if not i could also look at GBPUSD AUDUSD EURUSD here to check if they also look likly to go up, and if i had to do this before every trade i most likly would never take any trade ;)

good look nonetheless
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hmmmpf SergeantPringles
9 months ago
Well it seems we were both right. Price did indeed breakout but immediately pulled back. But I'm in for a long position thanks to your plan :-) Waiting now for usdollar to weaken
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SergeantPringles hmmmpf
9 months ago
good luck.
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Zabou
9 months ago
looks a lot like butterfly to me, but cant be sure... the retracement seems right.. congratz again!
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SergeantPringles Zabou
9 months ago
based on this chart its not a butterfly, since its not hittin the 786 which is an absolut requirement. but it still can morph into one. we will see
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nomind7
9 months ago
walker loves you r chart. congrats.
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dewpoint PRO
9 months ago
Good clean chart, looks like the break-outs been confirmed, should be off to the races now... well here's hoping. All the very best
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hamadoto
9 months ago
what is a good time to enter? it already retraced
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SergeantPringles hamadoto
9 months ago
well if you play this out longerterm like indidcated on the chart then u can just enter now if you want to(after all currently still a better price than the origianl breakout).
you can ofc stay patient and wait for a bigger retracment and or flag/consolidation. after all we are very overextended on a lower timeframe, so chances are good that his will happen. i had limits overnight, so just got filled without having to think about it too much ;)
good luck.
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hamadoto SergeantPringles
9 months ago
thanks for clarifying but i use high leverage , its critical for me, even though i plan on staying long term
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SergeantPringles hamadoto
9 months ago
well dont wanna be mr killjoy but if your playin with high risk then you should know when to enter yourself, shouldnt you ;)
but i personally would wait for a bit of consolidation then and maybe enter after a flag or something.

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bkkogre
9 months ago
GDT auction coming Tuesday. Dairy futures pointing up. Should push the NZD higher.
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SergeantPringles bkkogre
9 months ago
good to hear
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robtrading
9 months ago
Marketmaker-Fallsbreakout ;)
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robtrading robtrading
9 months ago
false*
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SergeantPringles robtrading
9 months ago
hrhr. im not too worried - the stop is still a long way to go. afterall nearly no trades are hittin targets without at least going into the red for a little bit. plus this entry is based to ensure catching the move, not to have the best possible entry (which always includes waiting for a retracment)
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