Hi Guys,
As per Fibonacci Sequence calculation, the Kiwi has the potential to reach 0.7918 in a long term basis. As I focused on the smaller timeframe, it is best to wait for breakout previous high and wait for retracement for another new bullish rally. For short term target, lets take a profit at 0.7697 first.
Suggestion trade: Buy limit at 0.7553 TP 0.7697 (140pips) SL based on your risk allocation.
As per Fibonacci Sequence calculation, the Kiwi has the potential to reach 0.7918 in a long term basis. As I focused on the smaller timeframe, it is best to wait for breakout previous high and wait for retracement for another new bullish rally. For short term target, lets take a profit at 0.7697 first.
Suggestion trade: Buy limit at 0.7553 TP 0.7697 (140pips) SL based on your risk allocation.