NZD/USD possible pullback trading setup leverage on weak US Dollar

NZD/USD broke above the resistance at 0.68 earlier on today. It is essential to monitor the subsequent price action since now is the critical point to identify if it is a real breakout to have continuation to the upside. Look for pullback trading opportunity after seeking confirmation. Watch the video below (timestamp starts 4:35) to find out the one thing that traders must do when trading the pullback to avoid early entry or invalid setup:

Below are the key parameters for NZD/USD potential long setup for trading session on 9 Nov 2020. Pay attention to the one thing traders must do in the video to qualify the trade.

Entry: long limit order at 0.6790 (refer to the video for entry confirmation)

Stop loss: 0.6742

Take profit: 0.6865 (based on 1–1 flag projection)

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