The daily candle on the Kiwi formed a Hammer right on top of previous support. Therefore I believe there is a high probability for more upside. If price breaks below last Fridays low, then this will invalidate the setup. Possible exits will be at 0.66000 (round number / psych level) or at the next resistance at 0.66767. First target is at 1,5 R and second at 2,5 R. Entry at the 50% retrace level of the last candle could improve the R.
Good luck trading!
Dave
davetromp.net
Good luck trading!
Dave
davetromp.net
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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.