Home Forex Market Analysis Forex Signals GBPNZD Breakout Retest SELL

GBPNZD Breakout Retest SELL

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Flow Assessment

  • The strong buy swing on the daily has failed to achieve anything and has been halted by sellers building up positions and beginning the downward move, thus giving us a sell swing bias

Location Assessment

  • Price has recently broken out of a daily buildup range (around the aqua line in the picture) and the next set of buy liquidity is likely to be at the origin of the daily buy swing upwards emerging from 1.91530

Momentum Assessment

  • As the breakout below the aqua line looked strong on the H1, the sell entry is based on a breakout retest idea of that level

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