From TradingView · · 30s
NZDUSD False Breakout Long Setup
NZDUSD breaks key support, setting up a 180-pip long trade.
In brief
NZDUSD breaks key support, setting up a 180-pip long trade. NZDUSD price recovered above 0.55650-0.56000 support after false breakout, targeting 180 pips to 0.58290. Originally reported by TradingView.
Key Support Test
NZDUSD revisited multi-month support zone near 0.55650-0.56000.
False Breakout Pattern
Price swept sell-side liquidity before reversing sharply above support.
Trade Setup Targets
Long trade targets 180 pips to 0.58290 with 82 pips at 0.57320.
The essence
NZDUSD price recovered above 0.55650-0.56000 support after false breakout, targeting 180 pips to 0.58290.
