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| NZDJPY Daily |
On lower timeframe 30Minute, price has broken down the trendline. I am expecting this to go down further.
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| NZDJPY M15 |
A Full Time Trader's Blog. The Forex and Commodities Trading with Technical and Fundamental Analysis
Thursday, October 25, 2012
NZDJPY Channel Short Trade
Pair NZDJPY is rising in a ascending channel and currently price is about to touch channel's upper trendline.
That area also coincides with the horizontal resistance area. I am expecting this area to hold now.
On lower timeframe 30Minute, price has broken down the trendline. I am expecting this to go down further.
I opened short at current prices 66.90 for a possible move towards the mid of channel. I plan to add one more short at touch of channel.
On lower timeframe 30Minute, price has broken down the trendline. I am expecting this to go down further.
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