If you Missed the Breakout, don't worry. Here's your 2nd chance!

NzdUsd finally broke above that resistance level that it had been up against late last week. If you missed the breakout, you now have a chance to hop on with a trend continuation setup. Now price has put in a double bottom at this level w/rsi divergence, so you can use this as an entry. I personally use the 60 min for entries, but my trading time frame is the 240 min chart. Since the 240 is my TTF I will use the ATR from the 240 to set my stops. Here on the chart, I have a 2 ATR stop below the low of the double bottom. Target 1 is a retest of the structure highs and target 2 is a Fibonacci extension of the current impulse leg.
Now a more conservative place to put stops would be below the lows of our impulse. You can do this, and this is the safest way to place stops. I just personally use ATR when entering on double tops and bottoms. I just put out a video, breaking down this trade along with a few other trade ideas that I will be watching this week. So if you are interested here is the link.https://youtu.be/2HsyIn7CO4E
Good luck and Good Trading