On the NZDUSD daily chart, we can see that the pair is testing the lower uptrend Pitchfork channel line 0.7000 level. We need to see, a close above the 0.7030 level also the 61.8% Fibbo retracement of the last swing higher, for the upside continuation into the 0.7200 level.
Note: look for the long trade entries here with the SL below 0.6980 level
Forex managed accounts! Track verified managed accounts on MyFxbook!
FOREX MANAGED ACCOUNTS
New Prop-trading opportunity! Trade from your own MT4 station! Two last registration days!
REGISTER
Through time we have developed a very respectable trading strategy which defines Entry, Stop Loss and Take Profit levels with high accuracy and allows you to make position Risk Free. We are publishing 5-10 trade alerts per week via real-time Private twitter feed!