NZDUSD Channel Continuation Possible
NZDUSD appears to have be rejected by its channel resistance, creating a lower high after after that rejection.
I've entered the trade as shown with a small position to risk less than 2% with the 117.7 pip SL.
My target is just above the channel support.
R:R of position shown: 3.66
I've entered the trade as shown with a small position to risk less than 2% with the 117.7 pip SL.
My target is just above the channel support.
R:R of position shown: 3.66
Trade active:
Entered as shown just before publishing the chart.