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Kiwidollar

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.
Long
by moemia
POTENTIAL LONG OPPORTUNITY IN KIWIThe kiwi is currently moving in an upwards trend channel. By combining the fibonacci timezones with the fibonacci retracement we can locate a good long opportunity in the zone between the outside retracement of the previous swing low to swing high and previous structural support and resistance . The first limit target is based on previous structural resistance and the .236 fibonacci retracement level. The final profit target is placed where the fibonacci extension meets the fibonacci timezone. The trendchanel also indicates that it most likely won't move much further up after this level. The stop is placed just below the .618 fibonacci retracement level which almost gives us a risk/reward-ratio of 2 to 1. / Uncle & Son
Long
by Uncle-Son