NZD/USD breakout trade setup — strategy for confirmation inside

In the H4 timeframe, NZD/USD broke out the resistance at 0.6658 on 9 Oct 2020 followed by a pullback. The shallowness of the pullback could indicate supply absorption in progress. Check out the video below (timestamp starts 3:45) to find out how to seek confirmation when trading breakout strategy to filter out bad trades and enhance your winning rate:

Below are the key parameters for NZD/USD potential long setup for trading session on 14 Oct 2020.

Entry: long stop order at 0.6675

Stop loss: 0.6630

Take profit: 0.6733

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