Home Forex Market Analysis Forex Signals AUDNZD Breakout Retest BUY

AUDNZD Breakout Retest BUY

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Flow Assessment

  • Price is in an overall uptrend, thus giving a buy bias. The sellers in the pullback have come in multiple pushes, suggesting profit-taking not a swing reversal

Location Assessment

  • Price has come back to the level where strong buyers pushed up to create a higher high (HH) for the first time, thus making this a good location to buy as there are likely to be more buy orders waiting at these levels

Momentum Assessment

  • We waited for evidence of strong buyers emerging from the level for our entry trigger

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