So here is a new possible head and shoulder setup! (yeah I just love them)
We will be waiting for the price to reach 1.07379 for a nice head and shoulder and a opportunity to go long. The Aussie Kiwi is bullish and it's always nice to trade with the trend!
We also have some major resistance at the 1.08375 level (check Q4 2019) and as we can have our TP nice before this level this could be a nice potential trade!
Order cancelled
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As price failed to close above the 1.07379 level so we never had any entry. Because the price dropped below the initial right shoulder this trade setup became invalid.