NZDJPY Channel in play - possible breakout 60 min
On the hourly chart price is approaching upper end of the channel.
- Possible short entry if price bounces off upper trend line
- Possible long position if price breaks the channel - may be smart to wait for price to retrace back to upper trend line of channel which could now act as support to enter long position
- Possible short entry if price bounces off upper trend line
- Possible long position if price breaks the channel - may be smart to wait for price to retrace back to upper trend line of channel which could now act as support to enter long position
