FX:NZDUSD   New Zealand Dollar/U.S. Dollar
229 1 3
As the pricing keeps on moving along this channel, a pull back into the support area is a good area to go long.
Trade closed: stop reached: -70 pips
You must wait and see what price is doing at the support level.It can go long or it can go short.In this case was clear that price will go short.Look at RSI is pointing down and it just came out from the overbought territory.And if price fall below the support level you must wait for a pullback to retest the support level and then you go short.
CLEAR?
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