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UnknownUnicorn207971

NZDJPY Channel in play - possible breakout 60 min

New Zealand Dollar / Japanese Yen (FX_IDC:NZDJPY)  
UnknownUnicorn207971  
FX_IDC:NZDJPY   New Zealand Dollar / Japanese Yen
NZD NZDJPY jpy LONG short shortsetup longsetup kiwi kiwiyen Parallel Channel Trend Lines
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nzd nzdjpy jpy long short shortsetup longsetup kiwi kiwiyen parallelchannel trendline
On the hourly chart price is approaching upper end of the channel.

- Possible short entry if price bounces off upper trend line
- Possible long position if price breaks the channel - may be smart to wait for price to retrace back to upper trend line of channel which could now act as support to enter long position

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NZDJPY - channel in play continued
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