NZD/USD Potential Nice Profit Trading in the Range
Hello fellow traders,
Looking at this weekly time frame we can see a quite long and clear down-trending channel (with one relatively small breakout or a fake out to the down side) which could be a nice opportunity to make some profits. Going through only this simple analysis we can see that when we made the touches on the upper side, every time after the green candle that touched the resistance we saw one red candle, after which we started our way down do the middle of the channel or to the support line on the bottom of the channel.
Based on this I see a very nice short opportunity here.
Keep your risk management smart and on point, and I can see some nice profits made in this particular trade.
Wish you all luck and smart trading.
I really appreciate every follow , like and comment.
Thank you
Looking at this weekly time frame we can see a quite long and clear down-trending channel (with one relatively small breakout or a fake out to the down side) which could be a nice opportunity to make some profits. Going through only this simple analysis we can see that when we made the touches on the upper side, every time after the green candle that touched the resistance we saw one red candle, after which we started our way down do the middle of the channel or to the support line on the bottom of the channel.
Based on this I see a very nice short opportunity here.
Keep your risk management smart and on point, and I can see some nice profits made in this particular trade.
Wish you all luck and smart trading.
I really appreciate every follow , like and comment.
Thank you