Home Forex Market Analysis Forex Signals GBPNZD Breakout Retest Sell

GBPNZD Breakout Retest Sell

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Flow Assessment

  • The bigger flow is towards buyers in the daily, but price is reacting of a historical seller’s area on H4

Location Assessment

  • The buyers on M15 have reached the historical H4 seller’s area and are showing reactions
  • This suggests that a fresher buy price may be needed to resume the daily flow, which explains the TP placement

Momentum Assessment

  • The M15 buyers look strong, but they are unable to clear the H4 seller area. Price showed some signs of rejections, giving the entry trigger

Entry Price – Sell 1.94995

Stop Loss – 1.95755

Take Profit – 1.94145

Risk to Reward – 1:1.12

Profit & Loss Per Standard Lot = -$504/ +$564

Profit & Loss Per Micro Lot = -$50.4/ +$56.4

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