Expected breakout then short position to 130.00
A simple and good set up for short position next week. Happy Trade
A correction wave takes place , as per Fibo, retracement level 38.2% will be the expected target.
JIMMIE Bar formation using Bollinger band reveal short position for the next week
Price can not break out the upper line of BB, it is expected to fall down at least to the mid line , then to the bottom band
Pin bar at .68800 and the falling wedge breakout will confirm starting recovery of Kiwi. entry at .69550 and take profit .71512
GBP ranging between 1.58345 and 1.59285, major trend is UP , but it is better to wait for a breakout with target 90 pips in both directions.
Daily chart shows a strong PIN bar at SMA 20 of Bollinger Bands, I believe this may take the pair to 1.15915 then 1.18000 a pending long position order at 1.1300 will be a good idea.
Down trend was broken, we may enter LONG with targets of 1210 then 1230. Many Thanks
