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Wed, Oct 05, 2022

+1894 Points made in NZD/USD Buy Signal Setup
1 mins well spent

NZD/USD Analysis : 

As per our previous analysis on NZD/USD, the market was trading between the ranges in an Uptrend by forming Higher Highs and Higher Lows.

nzdusd chart pattern in ascending channel structure
nzd usd forex trading strategy

We recommend our members to wait for the Confirmation of Breakout from this range to make good profits on NZD/USD.

As per our analysis, NZD/USD breakout from the range and went up more.

Now, we recommend our members to close the Buy trade completely on NZD/USD with +1894 points profit.

Why Re-testing the Breakout Level is more important ?

If market Re-test the previous Breakout level and starts to bounce back, then we can expect big and sharp movements from that Breakout level.

This shows that Re-testing the Previous Breakout level is more important for catching big movements with low risk in the market.

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