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Nzdusdbreakout

NZDUSD H1 Sell/ShortWe can see a triangle pattern forming on the H1 chart in NZDUSD We can enter in this trade two ways in a short position 1. Entry at Reversal from the trend resistance and see if it breaks downside, if it breaks downside there is a minor support which can push the price up from there, then we will exit the trade with 3% profit and if it breaks the support also then we will exit the trade in Target 2 with 7.50% profit. Stop Loss : 2% Profit Target : 3% < 7.50% 2. This trade will be possible if the price breaks downside the triangle and supported by the Minor support then a retest to the trend support but couldn't break it, then we can enter a short position and exit with 6% profit, in this trade the Stop-Loss should be 0.80% Stop Loss : 0.80% Profit Target : 6% 👍
Short
by tapasdhanadana
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