AUDNZD Long trade setup after the breakout from 4hr TF downtrend

12 de out. de 2020from the 4HR time frame we can see that price was in a downtrend obeying the trend-line creating lower highs and lower lows until it reached a point where it failed to create another lower low and broke out to the upside of the downtrend and create a new high and now the price is coming back to re-test the broken trendline where we'll be waiting for the price to re-test the broken trendline which also happens to be inline with the fibonacci retracement level of 61%-71% where we'll be looking to take a long trade after price action gives us the greenligh to go long on that area.