1st (newb's) analysis on Kiwi-Franc
• Kiwi-Franc is in a demand zone
• last 2 candles are rejecting the demand zone
• it is also rejecting the lower band of the bollinger bands
• it is, also.. rejecting level 0.5 fibonacci
• but the stochastic is pointing down, therefore the ideal entry price is somewhere below 0.65539
• also because the stochastic is still pointing down, stoploss is wider
• TP Area varies from the nearest resistance to a further resistance back to Feb'21
• last 2 candles are rejecting the demand zone
• it is also rejecting the lower band of the bollinger bands
• it is, also.. rejecting level 0.5 fibonacci
• but the stochastic is pointing down, therefore the ideal entry price is somewhere below 0.65539
• also because the stochastic is still pointing down, stoploss is wider
• TP Area varies from the nearest resistance to a further resistance back to Feb'21