Hello Traders, I’m Mani and I’m the writer of Trade 77 section, please follow me on twitter for further updates.
Kiwi bounced off the daily trendline again and now it seems that it’s going to breach it and go further down:
We have got news in 10 minutes and it might be the food for Kiwi to be stronger and break the daily trendline.
Best setup for this instance is to wait for 0.7400 level to reject the price and then another retest of broken daily trendline would be the best point to go short.
In case of any bullish moves, watch for the upper bond of the triangle formation to reject the price or to be broken.
I’m going to post further updates on Kiwi and Cable if any good opportunities come.
Make sure that you are following me on twitter so you can be informed of any trade calls for this pair and if you found this post useful let your followers to read it too, so please retweet this article with the button above of the article.
Winner’s Edge Trading, as seen on: