Where is next for NZDUSD?
We are currently trending in a downward channel on lower time frames. If we see price rejecting for the 4th time at the top of this channel and minor resistance level we will be looking to take a short trade back down into previous resistance and bottom of the channel.
However if the bull run continues we will be looking for price to break through the resistance and top of the channel to look at taking a long trade targeting recent daily highs.
Comment your thoughts below:
- Lukas - Tradedistrict
We are currently trending in a downward channel on lower time frames. If we see price rejecting for the 4th time at the top of this channel and minor resistance level we will be looking to take a short trade back down into previous resistance and bottom of the channel.
However if the bull run continues we will be looking for price to break through the resistance and top of the channel to look at taking a long trade targeting recent daily highs.
Comment your thoughts below:
- Lukas - Tradedistrict