It has been observed that KiwiDollar is coming near Channel Support close to a good support zone (Marked in Green) along with RSI coming onto the support line. A long can be initiated at Channel Support.
Entry: 0.7240 to 0.7249
Target: Next resistance zone at 0.7295. The 2nd target can be aimed at Channel resistance while trailing stops.
Stop: Below Green support zone at 0.72149
Entry: 0.7240 to 0.7249
Target: Next resistance zone at 0.7295. The 2nd target can be aimed at Channel resistance while trailing stops.
Stop: Below Green support zone at 0.72149
Trade active
Trade closed: target reached:
Target 1 reached at 0.7295. Made a strong upmove from the entry point bouncing from the channel support.
Regards :)
Regards :)