NZDUSD approached the down trendline area that was made since the end of last year.
At the timeframe h4 an uptrend channel was formed
At the close of the market Friday the price consolidated below the last support area.
if the price breaks through the channel and support area, we can immediately buy order or wait for a retest in the support area which turns into a resistant area with take profit around the price of 0.648
but if the price breaks the bottom of the channel, it shows that the price still respects the trendline. and the buy option above does not apply. and we can look for sell opportunities.
======================================================
Trading forex or trading forex, CFDs, and any derivative financial instruments with margin carries a high level of risk and may not be suitable for all investors, because you can experience losses exceeding your deposits.
follow this link to get brokerage services with thin spreads and low commissions
ma.gmiedge.com/...ounts/register/?ae=&ib...
At the timeframe h4 an uptrend channel was formed
At the close of the market Friday the price consolidated below the last support area.
if the price breaks through the channel and support area, we can immediately buy order or wait for a retest in the support area which turns into a resistant area with take profit around the price of 0.648
but if the price breaks the bottom of the channel, it shows that the price still respects the trendline. and the buy option above does not apply. and we can look for sell opportunities.
======================================================
Trading forex or trading forex, CFDs, and any derivative financial instruments with margin carries a high level of risk and may not be suitable for all investors, because you can experience losses exceeding your deposits.
follow this link to get brokerage services with thin spreads and low commissions
ma.gmiedge.com/...ounts/register/?ae=&ib...
تم حذف الأمر:
setup canceled. cause price break down chanel. wait for retest to entry sell
