NZDUSD Horizontal Channel Breakout Soon - Potential Short Setup
NZDUSD is set up for a double top at this moment.
If the price crosses .71024 area, it will most likely begin a multi-day downtrend if it can break through the support levels around .69231.
tradingview.com/x/lqtxO3I2/
If price is able to stay within the channel and eventually cross over .71293 resistance level, NZDUSD may remain in uptrend mode.
I am going short if:
- price crosses down over .70982
- 3HR and 4HR MACD line crosses the signal line
Exit price range I am aiming for is in the .698's
If the price crosses .71024 area, it will most likely begin a multi-day downtrend if it can break through the support levels around .69231.
tradingview.com/x/lqtxO3I2/
If price is able to stay within the channel and eventually cross over .71293 resistance level, NZDUSD may remain in uptrend mode.
I am going short if:
- price crosses down over .70982
- 3HR and 4HR MACD line crosses the signal line
Exit price range I am aiming for is in the .698's
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