NZDUSD failed to exit the falling channel. The price began to fall back into the falling channel and now NZDUSD is near the resistance line. This is a good deal since 1) Good risk to reward ratio 2) The entry point is clearly visible 3) The trend is falling
Perhaps some will recognize the familiar head and shoulders pattern (although there are two tops instead of one head). The bottom line is that there was an attempt to break through the line, but the attempt failed.
I draw an important support line. It is best to open Sell after breaking this line. (+ for those who did not have time to sell from the upper line of the falling channel, then you can sell after breaking this support line)
i don´t think it goes to 0,6, not in near time...i have now open at 0,6645 and TP in 0,65. I will watch it carefully but, last time was this price on 0,6 in May this year and the price will not be on this line sooner than in next year.
DeGRAM
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@nv45bezknf, I mean, do you think the price won't go down that low?
nv45bezknf
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@DeGRAM, maybe in february/march, but its still 4 months in the future and that´s a lot of time