Description of Chart:
With Britain's EU vote out of the way I am now looking to get in on NZDUSD on the short side. As you can see we are in an ascending channel (green lines). We have hit the top end of this channel, as well as some important resistance zones (red lines) around 0.7142. All of this potential resistance is leading me to believe a grind lower will occur over the next two to three weeks. If you also look at the bollinger bands we have touched the roof of the channel and made a bee line to the centre of that bollinger band (in pink).
Website: www.lukelehepuu.com
Take a look at my website. If you ever have any questions about trading you can become a member to get access to the live trading room where we talk about trading 24 hours of the day, even the weekends (some of us just love trading that much).
With Britain's EU vote out of the way I am now looking to get in on NZDUSD on the short side. As you can see we are in an ascending channel (green lines). We have hit the top end of this channel, as well as some important resistance zones (red lines) around 0.7142. All of this potential resistance is leading me to believe a grind lower will occur over the next two to three weeks. If you also look at the bollinger bands we have touched the roof of the channel and made a bee line to the centre of that bollinger band (in pink).
Website: www.lukelehepuu.com
Take a look at my website. If you ever have any questions about trading you can become a member to get access to the live trading room where we talk about trading 24 hours of the day, even the weekends (some of us just love trading that much).