NZDUSD Channel Trade

NZDUSD M30

Head-and-shoulder trade setup has just completed in NZDUSD pair that gave me 30pips. Details [here].

Now another channel trade setup is coming up. Channel's lower trendline is resistance-turned-support. 200EMA comes just the lower trendline. 


My strategy is to go long on touch of lower trendline and short on touch of upper trendline.