Ozzie Kiwi looks to be heading due south after a rejection of the key monthly resistance level of 1.05000, a rejection of 100 EMA and trend line. It also made a lower low and a lower high.
Look for a retest of the 1.05000 level on the lower time frames to pin point entry.
Target: 1.04000 (100 pips)
Stop: 1.05800 (80 pips, above the previous high and daily resistance level of 1.05500)
Look for a retest of the 1.05000 level on the lower time frames to pin point entry.
Target: 1.04000 (100 pips)
Stop: 1.05800 (80 pips, above the previous high and daily resistance level of 1.05500)
Note
Trade completed in 2 days for a 100 pip profit
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.