Sitting back and waiting for a meaningful long position.
DAX had tested the 9400 support zone and closed above could start forming the Right shoulder.
Close below the TL could target September 2015 low.
I am neutral at the moment but I will buy Cable if price bounce from 38% retracement.
Two possible scenarios. Significantly overbought in monthly. (RSI 76)
Kiwi backs into bearish channel. Current level seems to be comfortable for RBNZ.
Triangle pattern has formed. Price range is getting narrow and it is below cloud. I want to see the price break to down side and move towards the support at 1071 area
Breaking multi year lows below 1100 opens the door for another drop towards 1044 which is 2010 February low (S2). Daily studies are over sold hence we may see a short term bounce.
Due to lack of bullish momentum and daily close below 2100 gives the pressure to go deeper till March 2015 Low.