Quick analysis of EURNZD
I have drawn fibs from the last major swing. Price is at 0.236 whilst not a major level in my opinion, it is still a level.
Triangular wedge is forming.
Inside the triangle I have placed Fibs. There is a large amount of Fib confluence from both minor swings.
Price is currently rejecting the 61.8 level.
I will wait for a breakout of this triangle to see the market direction and await a retest.
Triangular wedge is forming.
Inside the triangle I have placed Fibs. There is a large amount of Fib confluence from both minor swings.
Price is currently rejecting the 61.8 level.
I will wait for a breakout of this triangle to see the market direction and await a retest.
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