NZDUSD 4H Trade Breakdown – Bullish Reversal in Play 🔥📈
This setup is a textbook example of a smart money reversal backed by structure, market psychology, and clear technicals.
1. Change of Character (CHoCH):
- The market was previously in a downtrend.
- Price broke above the last lower high, signaling a CHoCH – the first sign that buyers are gaining control.
- This is a key point where many smart traders start paying attention.
2. Trendline & Channel Respect:
- Price tapped perfectly off the ascending trendline, confirming the long-term bullish channel.
- This adds confluence (multiple confirmations) to the bullish bias.
3. Market Structure Shift:
- After the CHoCH, price formed a higher low and started pushing up.
- This shows a shift to bullish structure (higher highs and higher lows).
4. Projected Move:
- The blue arrow shows a likely path: a bullish break, possible pullback to retest the broken structure, then continuation up.
- Targeting above 0.61200, with potential for further highs.
Why this trade stands out:
✅ Structure break (CHoCH)
✅ Strong support off trendline
This setup is a textbook example of a smart money reversal backed by structure, market psychology, and clear technicals.
1. Change of Character (CHoCH):
- The market was previously in a downtrend.
- Price broke above the last lower high, signaling a CHoCH – the first sign that buyers are gaining control.
- This is a key point where many smart traders start paying attention.
2. Trendline & Channel Respect:
- Price tapped perfectly off the ascending trendline, confirming the long-term bullish channel.
- This adds confluence (multiple confirmations) to the bullish bias.
3. Market Structure Shift:
- After the CHoCH, price formed a higher low and started pushing up.
- This shows a shift to bullish structure (higher highs and higher lows).
4. Projected Move:
- The blue arrow shows a likely path: a bullish break, possible pullback to retest the broken structure, then continuation up.
- Targeting above 0.61200, with potential for further highs.
Why this trade stands out:
✅ Structure break (CHoCH)
✅ Strong support off trendline
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.