NZDUSD has broken the resistance in two attempts

Before going to 0.7127 level price came back to the immediate support level at around 0.7053 which was also the within the area of dynamic support created by 30 & 50 period SMA.

This was a very good opportunity to enter into the long trade in this pair.

To enter into the trade, you should put attention to the second bull candle after the bounce. Mark that candle and go to 1-hour time frame.

Locate the candle. And find out the previous swing high as shown in the picture by blue down arrow. Then wait for breakout and confirmation and enter at the level of breakout as shown price level.

That's it. Stop loss at previous swing low which is at the support level. And take profit target is the next resistance level. With this entry, SL is 22 pips and TP is  46 pips. So 1:2 risk reward ratio. If I could enter the trade timely, I would have taken the profit already. Missed a nice trade opportunity.