Timeframe: Weekly, Daily and 4 hour
Predicted Direction: Neutral ( No Trade Opportunity )
GBP.NZD - British Pound / New Zealand Dollar updates will be available in the comments section below.
Although a trade opportunity is not available based on my discretionary rules, I have distributed this post to show the filter process I use to identify market traps.
The pullback to the 50EMA (4hr) triggered majority of swing traders into a long position.
The Daily breakout was simply a consolidation on the intraday timeframes.
This is not a conspiracy about brokers, this is how retails traders also execute positions, understanding where the buyers and sellers have their positions set.