The Kiwi (New Zealand Dollar) has been falling since April and looks like a possible reversal is at hand (against the Aussie).
Price is now falling from a Day supply zone toward a Day demand zone below.
The reward in this move, should it go through, is at least 2.5xRisk.
Price needs to fall into the bottom yellow box first to make the move valid (as it is so close to the Weekly supply).
EP: ~1.10920
SL: ~1.10270
TP: ~1.12550 (Could go to as far as 1.13370)
The chances are that price trades in the Day range between demand and supply (1.10920 and 1.12550).
Price is now falling from a Day supply zone toward a Day demand zone below.
The reward in this move, should it go through, is at least 2.5xRisk.
Price needs to fall into the bottom yellow box first to make the move valid (as it is so close to the Weekly supply).
EP: ~1.10920
SL: ~1.10270
TP: ~1.12550 (Could go to as far as 1.13370)
The chances are that price trades in the Day range between demand and supply (1.10920 and 1.12550).
