Breakout Trade - EUR/NZD Long Trade Setup

This pair is in the kumo but doesn't look quite ready yet to enter a buy. I am looking for either a drop and re-test of support at tenken sen, or a straight break up and above the wick we formed with the previous and current candle. In either scenario if we can end up getting the breakout above those wicks I'll be looking to enter my long position. I've set my overall take profit at a mid price structure level with multiple partial take profit levels along the way. If we fail to drop to support then move up and out of the kumo, or if price fails to break above the current wicks we've seen, this setup may become invalidated.

Yorum:

Perfect set up, grabbed some great profit and was even offered a second chance at re-entering