brandonlz2017
Short

NZDUSD Horizontal Channel Breakout Soon - Potential Short Setup

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
NZDUSD             is set up for a double top at this moment.

If the price crosses .71024 area, it will most likely begin a multi-day downtrend if it can break through the support levels around .69231.



If price is able to stay within the channel and eventually cross over .71293 resistance level, NZDUSD             may remain in uptrend mode.

I am going short if:

- price crosses down over .70982
- 3HR and 4HR MACD line crosses the signal line

Exit price range I am aiming for is in the .698's
brandonlz2017
5 months ago
Here is the horizontal channel at the 30minute time frame
snapshot
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