Tuesday, February 26, 2013

NZDUSD Trade Plan

myfxvoyage.blogspot.com NZDUSD Short Trade
I am watching this channel from past few weeks and its still in place.

Pair has tested upper resistance are few times and got rejected every time. As the channel's lower trendline squeezes the pair, a break lower should accelerate losses.

My plan is to wait for a squeeze to trigger next move. I suspect it to downside.

Another swing trade I will take is short on touch of resistance area again for a possible move towards the lower trendline.

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