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Roker1
Jul 12, 2017 7:55 AM

Out of the Channel now. Is it going to continue? Long

Australian Dollar/New Zealand DollarFXCM

Description

Hi guys,
after consolidating in a parallel channel for about 40 days, price has finally managed to break to the upside, and also managed to have a daily close above this upper line. This means only one thing: it wants to go higher, and therefore i'm waiting to see a small retracement and then, if conditions will be met, i'm buying this up hoping for a big rally out of the next weeks. Potentially we have a lot of space and there's chance to expolit the market in these situations. I'll keep you updated if i'll find a reason to entry.

If you want to make questions, feel free to comment below.
Otherwise, see you in the next chart!
Comments
iammatthewkakande
If you can, what were the dates for the point X and B?
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