Here's my analysis for "Kiwi" pair and there are two possibilities that the price might be reject in the Green Zone area. Price already made a clean break through recent Higher High level and Bullish Engulfing signal in H4 to confirm buyer still in control. I'll just wait the price to retrace back in the Green Zone area and confirm with price action before make decision to entry. For high risk entry stop loss is around 60-70 pips and for low risk entry stop is around 20-30 pips. So, choose your risk wisely and control your money management.
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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.