On daily charts, price is moving up in ascending channel. This channel is in place since last week of July-12.The move lower in kiwi has brought focus on lower trendline of this channel. On previous down moves, the channel has support price.
200EMA comes along with the lower trendline.
I expect the lower trendline to hold on any down moves and I plan to go long on touch of trendline for a move towards middle or upper part of the channel.
are you triggered in this trade?
ReplyDeleteHi Asfi, not yet. There's still some 40/50 pips down to go from current price of 0.8182.
Deleteokk bro I plan to follow this...can you tell what your sl..and entry price
ReplyDeleteGlad you like the setup. Keep an eye on the channel on daily charts. I will go long on touch of it. SL should be 50-60pips below it. I will update on twitter once its triggered.
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