My Kiwi Strategy for the week.
Im mostly looking to go long on this trade to ride its final 5th Wave up. But as for my aggresive trading nature I am keen on selling the breakout of the recent hourly trend which Im looking to get a 2:1 Return.
My TP for the Shorting trade will be 38.2% fib and thereon will be my Long setup for a 3:1 return with a TP at the recent highs or higher.
If you are more cautious I suggest you wait for the consolidation to take place and find a sutiable buy zone according to your RM. Again my buy zone is just above 38.2% fib with SL below 50% fib.
I wish myself and everyone the best of luck.
My TP for the Shorting trade will be 38.2% fib and thereon will be my Long setup for a 3:1 return with a TP at the recent highs or higher.
If you are more cautious I suggest you wait for the consolidation to take place and find a sutiable buy zone according to your RM. Again my buy zone is just above 38.2% fib with SL below 50% fib.
I wish myself and everyone the best of luck.
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