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Dynamic Trader Blog - Forex Chart Pattern Signals

Wednesday, July 15, 2009

Kiwi tries again

Good evening Dynamic Traders,

The Kiwi has been doing a breather/consolidation recently after a significant climbing expedition. Price went down to test a previous low and is coming back to test the resistance line again. Note the confluence of events including a Fib reversal level as pointed out on the chart which may have their own part to play. If price break through ESLT will make entry into a trade straightforward. If price does a pullback patience may be required to determine the next move.















I would like to wish a speedy recovery to our Dynamic Trader athlete.

Good Trading!
Bijal Shah

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