Break Check Pattern | Live Forex Trade | AUDNZD | 1 Hour

By | March 6, 2016

See attached Video – Originally posted in July of 2014. This Break check pattern followed the change in market sentiment where we were seeing lower lows and lower highs to a market where a higher low formed. This first higher low was followed by a breakout of the bounce high then the breakout level was immediately checked. Under the circumstances I decided to ignore the adjacent bounce high slightly to the left in favor of the new higher low that formed which suggests that we are now moving to the upside. Additionally, the proximity to the recent bounce high is such that it is nearly the same zone.

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