NZD/USD possible sell opportunity at the channel resistance
NZD/USD price action looks quite weak. Price has moved lower
after touching the channel Top on Friday.
So, there's a good possibility that NZDUSD will drop to the
channel support near 0.66.
Possible entry could be between 0.6770 and 0.6810 with SL above
0.6830 and initial TP at 0.67 followed by final TP at 0.66.
The above trade will be executed if bearish PA develops and other
conditions of a short entry are satisfied.
after touching the channel Top on Friday.
So, there's a good possibility that NZDUSD will drop to the
channel support near 0.66.
Possible entry could be between 0.6770 and 0.6810 with SL above
0.6830 and initial TP at 0.67 followed by final TP at 0.66.
The above trade will be executed if bearish PA develops and other
conditions of a short entry are satisfied.
Trade active:
Sold at 0.6771
Trade closed: target reached:
Initial TP at 0.67 reached
