NZDUSD: Bulls ready to take control?

After a strong bearish move the week before, we see price pulling back and consolidated for 4 days before breaking out to the down side late Thu. It then consolidated on Fri with high ultra volume seen. What makes this move suspicious to me is that the H4 breakout candle is not of a very high volume . Plus after the breakout, there isn't a follow through even though we can see on daily that there is ultra high volume that went through. Looking to the left, we can see a series of lows(Aug 19 yearly low, Sep 19, Oct 19 and most recently Feb 20). From all this evidence, I surmised that the downward breakout is a move that is trapping the seller, and Fri price action is the smart money accumulating. A closed below last Fri low will negate the Bullish bias.

P.S. This is a counter trend move.

DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

PRICE ACTION only tell half the story. The other key half is VOLUME . For VOLUME drive price.