My scenario is bullish, heading for one of the green lines. The kiwi is clearly returning to strength, whereas the loonie's doing just the opposite... I know, long-term the kiwi is not looking so great, but it's getting better.
The ultimate target is very high, but the up sloping green line may act as resistance that might thwart further progress upward. So I'm going to close this position at one of the green lines. Stop loss below the last small retracement. Anyway, I can't help following it. :-)
The ultimate target is very high, but the up sloping green line may act as resistance that might thwart further progress upward. So I'm going to close this position at one of the green lines. Stop loss below the last small retracement. Anyway, I can't help following it. :-)