Long

NzD Breakout Done Waiting Retest

Updated

Hi friends, sharing daily chart of Nzdaud as we can see it gives a breakout after a long consolidation in parallel channel resistance, So my trading plan is to take fresh entry after a breakout retest and bounce from resistance even if it does resistance based target first, i assume that now resistance will work as support after this breakout.

Will update idea if anything will change apart of this trading plan.

This is not and trade or investment advice. This idea is meant for learning only.
Best Regards happy trading- Amit

Note

Price bounced very close from mentioned resistance zone as mentioned in idea description mates, marked a fresh resistance on chart for going long in it now

Note

After retest reached near target 1, hope it will do targets in coming sessions
Mates. If today's candle will close in green then it will be a formation of three white soldiers.

Note

Highest weekly closing after idea published and after 3 months of consolidation too went near to target one but taking resistance near about as it is resistance based target, but i assume that we can se targets after this good weekly closing

Note

Target update-:
Target one complete mates if close above can do remaning targets too

AMIT-RAJAN

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