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Plz note that, this approach not trade on BREAKOUT.
But is BREAKOUT + RETEST.
Bcoz we oftenly dunno whether the TL is a correct one or not. So, if it get broken, and retest-ed. So now we are sure the TL is drawn correctly, and here we go for trade.
In the same time when EU broken, GU also break the TL.
I didn't trade the GU breakout due to 2 reason:
1) Both having similiar action of USD, so I dont wish to expose too much of risk onto same action.
2) GU did breakout but didn't retest the TL.
NZDUSD quickly whiplashed on that.
I love retests too, and I also think that trendline break alone does not mean anything in particular.
HOWEVER
Not every trendline is equally important and you have to assess the situation in bigger context
For example, i would trade upward trendline break that has been touched 4 times while currency is in downward channel.
Trendline breaks when there is severe MACD divergence can also mean a lot.
Linear Mode
