brendantimmons

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Markets Allocation
100 % forex
Top Mentioned Symbols
NZDUSD 50% | 1 NZDJPY 50% | 1
brendantimmons brendantimmons NZDJPY, D, Short ,
NZDJPY: NZDJPY Downward channel resistance approaching
32 1 1
NZDJPY, D Short
NZDJPY Downward channel resistance approaching

We are approaching a resistance level for a downward channel that NZDJPY has been trading within for the better part of a year. I will be looking for price to test that line and ultimately close below it for a short. Or possibly a confirmed break above the line would be a chance for a long trade.FX:NZDJPY

brendantimmons brendantimmons NZDUSD, 240, Short ,
NZDUSD: NZDUSD 4HR Broken below upwards channel
14 0 0
NZDUSD, 240 Short
NZDUSD 4HR Broken below upwards channel

NZD USD has broken below the upwards channel it was trading in, we could see a nice opportunity to short as it retests the now resistance trend line. Before you trade I would recommend waiting for a confirmation candle that attempts to push above the trendline but fails to close above.

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