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newbietrader_TZW

NZDUSD upward out break or consolidate

Short
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
newbietrader_TZW  
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Chart Patterns
2
0
chartpattern
H4
  • Out break of ascending channel and currently retesting the upward trendline resistance
  • strong support at the bottom area ( yellow zone )

What to do now?
  • Short the market if you are a radical treader
  • For conservative method is waiting for the break out of the yellow zone
  • The risk and Reward ratio will be 1:1.5
  • Do your proper risk management
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