Good opportunity to short the Kiwi on a Fibonacci Retracement level of 50%.
There are both fundamental and technical indicators for this! Please check my previous analysis below for more details.
I have added a downward channel where price has so far achieved an ABCDE triangle pattern. Im not an expert on Elliot waves but my guess is a 3rd wave correction is about to end which will begin a 5 wave continuation!
Great shorting range for entry from 0.7824- 0.8000
Target 1 in a Demand Zone and also bottom of Trend line.
Best indicator to short will be obvious price Action so always wait for the candles to guide you. Stochastic and RSI indicating a sell opportunity!
Lets go!
Rodrigo
There are both fundamental and technical indicators for this! Please check my previous analysis below for more details.
I have added a downward channel where price has so far achieved an ABCDE triangle pattern. Im not an expert on Elliot waves but my guess is a 3rd wave correction is about to end which will begin a 5 wave continuation!
Great shorting range for entry from 0.7824- 0.8000
Target 1 in a Demand Zone and also bottom of Trend line.
Best indicator to short will be obvious price Action so always wait for the candles to guide you. Stochastic and RSI indicating a sell opportunity!
Lets go!
Rodrigo
