EUR/NZD exhaustion of momentum to the downside — potential false breakout setup

In the H4 timeframe, EUR/NZD showed shortening of the thrust tot he downside suggested the down momentum is exhausting. This could potentially set up a false breakout setup should EUR/NZD has a down swing to test the support level at 1.7440. Watch the video below (timestamp starts 3:28) to find out how you can trade the false breakout with reversal setup after seeking confirmation while profiting from the trapped traders below:



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Ming Jong Tey

I am a Wyckoff trader who practice kaizen in trading. Get Weekly Market Outlook & Best Trading Advice straight to your inbox: