Deluxerockz

Breakout & retest

Long
Deluxerockz Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
It happens that previous analysis was defied and market broke out the resistance line. it already made a retest yesterday on the 4hr time frame already and it retraced to the 50% fibo level. look for a good buy entry ( you can set a buy order at 0.62623). Apply good management & take profits at points indicated.
Comment:
If market should breakthriigh that resistance line then we wait to see what mrket is doing... If it's back to trading in the range or fufilling another retest.. patience
Comment:
Book partial profits and break even
Trade closed: target reached

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