NZD/USD Analysis :
NZD/USD has moved in a downtrend by forming Lower Highs and Lower Lows in H4 Chart.
Now, market broken the top zone of the downtrend line, Re-tested the breakout and starts to move up.
After the confirmation of upward movement, NZD/USD Buy signal is given.
Education note :
Uptrend = Higher Highs and Higher Lows
Downtrend = Lower Highs and Lower Lows
Why Re-testing the Breakout Level is more important ?
After market Breakout from the range, As per our breakout strategy, If market again Re-tested the previous Breakout level and starts to bounce back, then we can expect big and sharp movements from that Breakout level. This is what happened in this NZD/USD Buy Signal.
NZD/USD reached the Take Profit Target Successfully.
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