NZDUSD

On the Daily timeframe, price has failed to break below the key daily support level, indicating that this remains a strong area where buyers are stepping in and defending the market.

📈 4H Market Structure

On the 4H timeframe, price has broken out of the recent mini downtrend. This move suggests that selling pressure is weakening and that sellers are losing short-term control of the market.

The breakout is an important shift in the short-term structure, but confirmation is still required before considering a continuation move to the upside.

🎯 What I'm Waiting For

Rather than chasing the breakout, the preferred approach is to wait for a retest of the recent bearish candle that trapped sellers.

If price retests this area, holds the level, and produces a clear bullish reaction, it could provide confirmation that buyers are ready to continue pushing the market higher.

📈 Bullish Scenario

• Daily support continues to hold.
• 4H downtrend remains broken.
• Price retests the recent sell candle / trapped-seller area.
• The retest holds as support.
• A bullish reaction confirms potential upside continuation.

⚠️ No-Trade Scenario

If the retest fails and price breaks back below the identified level, the bullish setup becomes invalid.

In that situation, there is no trade. Waiting for a new structure to develop is preferable to forcing a position when the original setup has been invalidated.

Market View: Daily support remains strong, while the 4H breakout shows that short-term selling pressure is weakening. The preferred plan is to wait for a confirmed retest of the trapped-seller area before looking for bullish continuation. If the level fails, stay out and wait for a new setup.

⚠️ Risk Warning: Technical setups can fail without warning. Always define your invalidation level and manage position size according to your risk tolerance. This content is for educational and informational purposes only and is not financial advice.