KIWI is reaching the 0.618 retracement of the prior wave. This level is also the AB=CD of the current wave. The 1.618 level of the currents wave correction also coincides with this level. This is a trad-able level.
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Still looking for the pair to head higher. The Fib-Cluster just offers such a great area to get in a trade. I also have some ideas if the structure breaches to the downside.
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Level is still in play. Keep an eye on this tradable level.Note
We have reached the Fib Cluster. Depending on how the FOMC acts, this level will either hold or become support. My limit to the sell side has already triggered.Note
Gotta love FIB Clusters!!!!!
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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.