GBP is consolidating in a tight range, which could yield patterns suitable for day trading.
A trade based on pure structure. I expect the kiwi to press up into that previous structure level confined within 7620's and 77's. Could be a good level to look for a short at. We have Fibo confluence, a good RvR, and structure to build a case for entry.
Entry @ 1401 Stop Loss @ 1440 T1 @ 1357 T2 @ 1327 Good luck traders! let's hope this 1 hits!
The potential reversal zone will be within the 0.886 ret & the X point Long entry @ 116.21 T1 @ 117.14 T2 @ 117.75 SL @ 115.50 A nice 1:1.30 RvR Let's hope this 1 goes our way. Good luck traders !
Entry will be @ 117.51 T1 @ 117.87 T2 @ 118.09 SL @ 117.15