Kiwi H4 | Rising into multi-swing-high resistanceThe Kiwi (NZD/USD) is rising towards a multi-swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.5683 which is a multi-swing-high resistance that aligns close to the 23.6% Fibonacci retracement level.
Stop loss is at 0.5745 which is a level that sits above the 38.2% Fibonacci retracement and a descending trendline resistance.
Take profit is at 0.5540 which is a swing-low support.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
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