The Kiwi is sitting on a 61% retracement from its high to low move of .71473-.69633. CMF (26) is heavily
WPR(9) is in an overbought condition. The last couple of bars have been indecision bars (tops/dojis whatever). My original thesis was negated due this switch in CMF (26) since I last posted on Sunday. This is however setting up for a nice selling squall I think. Looking to short the pair on a strong candle down after the WPR(9) pulls back from overbought. A logical stop loss would be .70931 or slightly above. We should test target #1 the low of .6933. If that is breached with conviction, .69131 is not far behind (target#2) Risk reward to be posted on entry.