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NZDUSD - 4hrs ( Buy Trade Target Range 150 PIP )

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Pair Name : NZD/USD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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Key Technical / Direction ( Buy Opportunity ) Break Out
Type : Mid Term Swing
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☑ Bullish Break: 0.62050

💠 Chance of Successful Breakout at This Level: 80%
This level has experienced 7 bounces and has respected the breakout each time.

💠 Key Level Mention and Reasoning
Our key breakout level is 0.62050. The price has retested this level multiple times, and there has been one fake-out. This shows the level's significance and strength in price action.

💠 Crosses with Trend or Channel?
Yes, our breakout level intersects with a pattern breakout in the same area, reinforcing the importance of this level.

💠 Volume at This Level
Yes, we have strong volume in this area, which caused the price to move quickly and significantly after the breakout.

💠 Psychological Level Involvement
Yes, the breakout area represents a psychological level, as it is a major daily area that many traders focus on.

💠 Market Sentiment: Bullish or Bearish?
Our background is bullish. This is indicated by a healthy breakout candle, and the Fib Golden Zone has already been broken with visible range volume support.

Target Range for This Trade: 150 Pips

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☑️ Fake Out - Avoid this idea price now at 0.61850

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