H4 VIEW OF A TRIPLE TOP FORMATION AT 0.7650, PRICE HASTRIED TO BREAK PRICE MULTIPLE TIMES BUT BEARS KEEP ON PUSHING BACK,, STOP LOSSES JUST ABOVE THE DAILY FIB LINE 0.78 . WILL BE WATCHING FOR A PULL BACK DURING TONIGHTS ASIAN SESSION AS IT HUGS THE TRENDLINE IT HAS BROKEN.. TP ABOVE 0.7420
Everything is said in the other trading idea. Set back and relax now
It has been a very strong down trend since July 2014, but Uncertainty of FED rate hike and dairy price rose since 18th AUG auction. Traders are taking advantage of strong KIWI and weaker DOLLAR till next RBNZ announcement. Happy Trading; RinaP
The J6 is definitely weak and now has broken the April lows. This doesn't fair well for equities. If it stays below the most recent swing high then we could see more upside on the equities. The J6 didn't pull back far enough for us to initiate a short so we will keep looking for entries.