NZDUSD Corrective Structure To Come to an End

A nice buy setup based in structure. Price has broken a resistance level and has retraced and tests a key support zone at the 0.618 of the impulsive leg which broke that resistance. NZDUSD is about to rally and head towards 0.69000 zone.
Stoploss and profit targets as shown at the chart.

Yorum:

This is working great till now.. If price breaks that resistance level, it has great chances to reach our initial profit targets.

İşlem kapandı: hedefe ulaştı:

Move stoploss of second position at breakeven. NZDUSD has a lot of potential to move higher.

İşlem kapandı: hedefe ulaştı:

A very nice second trade ended with a 2.8:1 profit..