Thursday, November 29, 2012

NZDUSD Channel Trade NZDUSD Channel Trade
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. 


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