AUD/NZD Breaker Block.

AUD/NZD,  4h Bullish

AUD/NZD

Been trending bullish for some a few weeks now but has had a sharp sell off and sweep of the liquidity under 109.620.
When we see a strong bullish trend and a sharp sell off and a liquidity sweep this is the perfect environment to look for a breaker block setup.

As short sellers come into the market they will buy their positions on perpetual contracts to sell those contracts at a lower price and then make the difference in profit. These are the order blocks we look to be mitigated as price punches through the short sellers become underwater in their short positions and look to mitigate loss when price returns to said order block.

This is where smart money buys.

The bullish candle before the last high was formed is the Breaker Block. This is the short sellers took their position, this is the candle that price needs to push through and retest. This is where short sellers will look to mitigate loss as price trades higher.

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