BUY SETUP KIWI/DOLLAR

Price on NZD/USD has stalled at the top of a descending channel on the Weekly chart. If the current trend continues with strengthening Kiwi and retreating Dollar, we should see a bullish breakout forming over the next couple weeks. Price has broken above 0.60, but it still remains to be seen whether we'll see a strong close above that level.

Trade active:

I am long as of 11/27 @0.60995 with 2,500 lots. Currently up +98 pips, trailing stop from 0.57772.