dynamic levels detected on parallel channels in NZDUSD wait montly close
target previous highs stop daliy close under line of breakout
Probably rebound stop with daily close under 100% line
At breakout of red trendline coming from 10/2008 next levels 0.87 - 0.85 ... and less
lower trendline connects many points of contact and rebound
with heikin ashi long signal on daily close stop & reverse if breakouts
Trendline (from max 80/1998 and max 06/2007) and Resistence arrested the prices right on the weekly closing. a) Still LONG with breakout, pulback and continuation of the trend b) or SHORT on a contrarian Heikin Ashi signal on the daily close
Breakout? ...DONE Pullback? ...DONE Support? ...PRESENT What else?
3rd touch of the trendline starting from September 1998 something will happen
Breakout? ... DONE Pullback? ... DONE Support? ... PRESENT ...& now? ....
LONG on breakout of trendline SHORT on reversal STOP on a daily close in the opposite side