Break Check Pattern | Live Trade Video | AUDNZD | 4 Hour Timeframe

By | March 6, 2016

See attached video – Originally posted in July of 2014. The market stayed above this bounce level for 5 days before finally breaking out with a large bodied break candle. What was really nice about this trade was how deep the pullback came back inside the level. The deeper the check of the breakout level the greater the chance for a quick follow through. When the pullback is deep you can also assume there will be a lot of long traders (in this case) trying to get in on what looks like a reversal thereby creating even more liquidity.

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