Kiwi has established a support @7805. Bullish gartley possible completion @7846 and even lower test of channel boundary. Should not violate the channel. Last week net shorts totaled 2384 CFDs, compared to only 100 the previous week. Selling pressure increased .
I longed, but now out for a while, trying to figure out the current development. In Elliot terms, it looks like a triangle in a 4th wave position from the big decline, followed by an expanded flat and now a corrective leg up, but not sure. What are your thoughts on it?
fximperija
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Kiwi made new high just to drop and test very important TL @78, bounced back into the channel. With no new low this could be a nice long opportunity.