SwiftPr0fitz

NZDJPY long term analysis. Sell opportunities next week possibly

Short
FX:NZDJPY   New Zealand Dollar / Japanese Yen
I have been nailing the top and bottom of this upward channel formation that has lasted months. It is approaching a resistance zone on the weekly chart that may force it to correct and break this channel downwards to the monthly trend line. Also highlighted are support and resistance zones, which have very smoothly been moving price action through the channel.

This is pure speculation, but I've been nailing this currency pair lately, and I will hope to get into some sell positions when price hits this resistance at the very top of the channel.

Note that these selling opportunities are about a week out, so I will be posting updated graphs in the coming days. I bought the bottom, and am currently enjoying the ride up the mountain :)

Please like, comment, and give me your thoughts!
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