Using a live potential trade scenario on the 4-hour chart of NZD/USD coming up on Monday.
Starting with a comprehensive analysis of the market structure, we identify key price movements such as LLs and LHs.
As the price breaks the LH and shows signs of bullish pressure, we anticipate a breakout, followed by a potential retest and continuation.
To maximize profits, we recommend placing your TP at the next significant structure zone that could potentially act as an obstacle.
Starting with a comprehensive analysis of the market structure, we identify key price movements such as LLs and LHs.
As the price breaks the LH and shows signs of bullish pressure, we anticipate a breakout, followed by a potential retest and continuation.
To maximize profits, we recommend placing your TP at the next significant structure zone that could potentially act as an obstacle.
Trade closed: target reached