Kiwi has a very neat chart structure with accurate touchpoints within the trend channel.
The structure was broken last month and we have a very healthy pullback after that.
It touched the broken trendline and now heading south.
The structure shaped a bear flag pattern with a target at 0.6710.
The structure was broken last month and we have a very healthy pullback after that.
It touched the broken trendline and now heading south.
The structure shaped a bear flag pattern with a target at 0.6710.
Comment:
Zoom view of price action area for comfort
Trade closed manually:
Don't be greedy and book profit )))
Anyway stop is better to be moved to 0.70 and target is 0.6710.
Anyway stop is better to be moved to 0.70 and target is 0.6710.