NZDUSD FALSE BREAK OUT

Updated
We can notice a price action pinbar at support, this is an indication that the bulls are fighting but volume shows the fight could end soon.

Yesterday's daily close, gave a false break out at resistance. What should traders do?

Well I took a short trade and I'm expecting sellers to push to the next support.

Respect Risk Management.

Trade closed: target reached
Chart PatternsNZDUSD

Disclaimer