NZD/USD - strong down trend channel - how to trade
market price moves within strong down trend channel since beginning of April and is near first strong daily support and long term trend line as drawn in the chart, I expect bottom building in this price area and will open long from there.
RSI is retraced from resistance, expect sharp down movement within heavy over sold area.
Take profit 1 at down trend resistance channel line and tp 2 at strong middle term resistance.
Enjoy your weekend :)
RSI is retraced from resistance, expect sharp down movement within heavy over sold area.
Take profit 1 at down trend resistance channel line and tp 2 at strong middle term resistance.
Enjoy your weekend :)
Trade closed: target reached
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
