Hi Guys this is another trade setup by wave analysis wait for clear confirmation for short position. (TREND LINE BREAKOUT MEANS NOTHING TO ME) I've some Entry strategies to Enter i can use the Behalf on what of Structure is developing. Use your Entry Strategies to enter Use some money management And Trade With Care :)
Waiting for NZD/USD to break this Bullish trend line, and to test the backside of it. Entry would be right about (0.7275) I would place my STOP at (0.7325). My Take Profit will go all the way to (0.7068). Giving us about a -50 pip risk, but an award 4x the risk just around +200 pips! Follow the rules, and happy trading!