NZDUSD Horizontal Channel Breakout Soon - Potential Short Setup

21 มิ.ย. 2016

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