Kiwi

Good Evening Dynamic Traders,

Hope you are all having a good week. I would like to take a moment to recognise the incredible achievements of the King of Pop, how many people get to contribute in such a fashion and touch so many millions of people.

Tonight's chart for review is the Kiwi, on a slightly smaller time frame (4 hours). Price has been consolidating for a while on the larger timeframe. Price has broken through the VI and come back to test it twice. Having hit a Fib breather level the second time it appears to have retreated south with some other confluences as mentioned on the chart. Aggressive traders may already have positions open. Conservative traders may choose to wait for further confirmation until the previous low is broken or some other confluence to trigger entry.
















Happy Trading!
Bijal Shah