Forex Signals

NZDUSD Breakout Anticipation BUY

Flow Assessment

  • Price is in a daily range and showing a grind upwards with higher highs and higher lows
  • We anticipate price to get to the top of the daily range

Location Assessment

  • On the H4, price has been holding just before a historical seller’s area, supported by a strong buy push, suggesting a possible buildup area before the breakout to the upside

Momentum Assessment

  • A strong force of buyers showed themselves, breaking out of the mini-congestion from 0.6687 to 0.67100, suggesting the buyers are ready to move up
  • It is unlikely to be a trap because the origin of the buy swing push on the H4 is still very strong

By Reddy Shyam Shankar

I am a professional Price Action retail trader and Speculator with expertise in Risk Management, Trade Management, and Hedging.

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