NZDUSD Channel Analysis
On the NZDUSD analysis we can see the bigger picture where there is a channel down currently reaching for the top trendline while the channel down on a bigger timeframe is going there has been formed a channel up on a 4h chart where there could be some great possibilities of a shorter term trades of buy and sell if the channel up continues, when the channel up finishes we could be waiting for a breakout of the channel down and continue to a bigger uptrend or either we could se the price respect the channel down and continue to a long term sell. Hoping that it will give us a good entry!
Note
Zoom out to see the channel down
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.