A Waiting Game

Good afternoon Dynamic Traders,

Hope your all enjoying the glorious weather.

Like yesterday there isn’t too much to report on the steady progress of the Kiwi. I have posted a picture of the 4 hour chart below, because I want to demonstrate the effect the 2 trend lines are having on price as they squeeze.
From the chart below you can clearly see that price oscillating and the range of the candles are getting larger, while overall price range is smaller.













Unfortunately I don’t have too much to show or explain as we are waiting for price to make a decision. This isn’t bad thing, because this allows us more time to have a look at other charts! Fingers crossed this is the calm before the storm!

Happy Trading

Richard Monnery