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
Here is the horizontal channel at the 30minute time frame
snapshot
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