A SurpriseBox near the 50 sma, 100 sma and the 200 sma had been formed on the NZD/USD eight hours chart. This box broke to the upside. A long trade position was started. Target is the 0.7800 area. I liquidated my position within 50 pips from target with a profit.
Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations.
