On the 45M chart of NZDUSD, we see that the price has has continued to create higher highs and higher lows. This is a bullish signal, so we could buy NZDUSD at the 0.60153 price. After we got a break of structure and a bullish order block.
Our stop loss would be placed at the lower portion of the order block, which is around 0.60048. Our take profit would be placed 4x the distance of our stop loss, which is around 0.60555.
Our stop loss would be placed at the lower portion of the order block, which is around 0.60048. Our take profit would be placed 4x the distance of our stop loss, which is around 0.60555.
Trade closed: stop reached:
We missed TP 1 by a few pips. Very annoying but we continue