NZDUSD Breakout with false sell off test
New Zealand Dollar/U.S. Dollar FX:NZDUSD
After looking bearish for a while on this pair, we have seen a higher low and a break of previous resistance on the higher time frames.
dropping down to the 60 min, we can see this recent bull flag pattern with a false break to the downside followed by a 3 bar reversal candlestick pattern.
Although we have to break above the 7 flat number, this is still a good opportunity that meets my breakout rules.
Entering at market with targets at a measured move 2xrisk