NZDUSD is heading towards the support line of a Channel Down and could reach this point within the next 3 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
Supported by Downward sloping Moving Average
Target: 0.5865 Entry: 0.5941 Stop: 0.5993
A strong resistance level has been identified at 39979.0000 on the 30 Minutes Nikkei 225 chart. Nikkei 225 is likely to test it soon. Supported by Upward sloping Moving Average
This trade setup on FTSE 100 is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer
You would be well advised to confirm the breakout that has just occurred – do you believe the move through resistance to be significant? Do you have confirming indicators that