EURNZD Fibrous Kiwi
Hello ladies and gentlemen, here we have the fiber kiwi in which I personally missed the anticipated drop but If you viewed my previous you would see I'm not worried. I'm not "Ash" so no need to catch'em all. In hindsight I viewed the 4H ranging so I forget to set my alert, but I was pretty set on the drop, just don't know when. So, backing up I called this pair bearish after I noticed a break of 1.67017 around the first week of July initiating an impulsive drop for 200+ pips. Phenomenal. Moving forward down to a support of 1.64854 failing to really pullback for comfortable intraday or swing entries. M W and D were clear as day on bearish directional bias sheesh. Shortly after price did open up opportunity testing the 1.64845, we had yet another pitfall fown to 1.63115 in which price repeatedly checked in with that previous resistance of 1.64845. eventually or around July 22 we have another breakout to the downside following multiple rejections and LHs. This was literally a big swing from supply to demand based off Weekly through and through. After price descended into the range in which I anticipated continuation, price constantly bounced up and down for a little over 2 weeks at around 1.6300^ and about1.61500v. Finally, Aug 9 and 10 we see strong pushes to the downside with buyers' exhaustion, double tops, triple tops and minor head n shoulders. There will be plenty more opportunity in the near future so no worries as usual. It was a wrap after that where price clearly pushed down into my Weekly beer belly zone beginning around about 1.59150. If price decides to stay smooth like jahvill and skilli we can see progression downward toward a previous support of 1.57750. Happy Trading!
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