This week's quick bullish Gartley on the Kiwi was overrun by a strong dollar and encouraging words from Yellen.
On the daily we can see that we just put in a very strong bearish week. The long term bull-trend channel was broken to the downside. A Libra Pattern has formed. My open short position from my previous Kiwi post is doing very well. Next week I will be looking to add more to my short position on some sort of pull back. Wait for price action to give you a signal on the lower time frames.
This can be a very powerful breakout to the downside as we have a lot of room to go and some serious dollar momentum.
On the daily we can see that we just put in a very strong bearish week. The long term bull-trend channel was broken to the downside. A Libra Pattern has formed. My open short position from my previous Kiwi post is doing very well. Next week I will be looking to add more to my short position on some sort of pull back. Wait for price action to give you a signal on the lower time frames.
This can be a very powerful breakout to the downside as we have a lot of room to go and some serious dollar momentum.
Nota
We have also closed below the 200DMA.Last time this happened we saw a major trend switch for over 2,000 pips.
Keep an eye on this one folks.
Nota
1HNota
Nice double top on the 4H solid opportunity to get invovled
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.