I have no plan to trade this pair as I like both the Kiwi and the Buck going forward, and this is no advice or trade setup, but the pair shows a nice oscillating pattern in this slightly upwards slanted pitchfork and I was able to hammer out this count as the most plausible projection. I'm a bit surprised by the kiwi weakness so far this weak but maybe it's just about positioning ahead of RBNZ next week.
Anyway, if you plan to trade this pair, look for a bounce from the channel bottom, or slightly ahead, and wait for it to break the extended TL between (2) and (4), if it breaks below then this pattern is broken
Anyway, if you plan to trade this pair, look for a bounce from the channel bottom, or slightly ahead, and wait for it to break the extended TL between (2) and (4), if it breaks below then this pattern is broken
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