The Kiwi
versus the Greenback breaks below the 0.6700 level, but it couldn’t stay below
that level and goes back up, leaving behind a relatively long lower shadow. We
are on the Daily chart and if this Friday’s candle closes bullish, then it will
confirm the hammer formation, which is a bullish reversal pattern. But a change
in trend on the pair would not be confirmed until the price breaks above the
trendline or above the 0.6900 level.
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Well spotted! Thanks for sharing it.
ReplyDeleteThank you for the analysis!
ReplyDeleteGreat analysis.
ReplyDelete