NZDUSD POSSIBLE TREND CHANNEL BREAK?
Pair: NZDUSD
Timeframe: 1H , 4H
Analysis: Round number level, trend line, volume profile, support and resistance, trend channel break
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Key Takeaway: Price has stuck to this hugely ranged trend channel for quite sometime and it is possible we could in fact see breaks. We need to see closes and re-tests below this level of support before we can enter, always remember that we could very well indeed see a bounce upward, always keep your mind open to every possibility :)
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Level needed: need a close by 0.59230
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Trade: Short
RISK:REWARD 1:6
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Timeframe: 1H , 4H
Analysis: Round number level, trend line, volume profile, support and resistance, trend channel break
—————
Key Takeaway: Price has stuck to this hugely ranged trend channel for quite sometime and it is possible we could in fact see breaks. We need to see closes and re-tests below this level of support before we can enter, always remember that we could very well indeed see a bounce upward, always keep your mind open to every possibility :)
—————
Level needed: need a close by 0.59230
—————
Trade: Short
RISK:REWARD 1:6
—————
DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
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