EURNZD SHORT AND THEN LONG SET UPWHEN LOOKING AT THE FIB LEVELS AND THE RESISTANCE AND SUPPORT LEVELS AND STRUCTURE OF THIS PAIR I THINK IT WILL START GOING DOWN TO ABOUT 1.54600 AT %50 RETRACEMENT WHICH IS ALSO A STRONG SUPPORT LEVEL. IT MAY COME DOWN TO 1.53800 WHICH IS AT 0.618 FIB. THEN IT MAY SHOOT BACK UP TO 1.60900 LEVEL WHICH IS IN STRUCTURE AND MEETS A RESISTANCE LEVEL UPWARD. IT IS ALSO WITHIN 0.50- 0.618 LEVEL OF THE BIGGER DOWN MOVE THAT HAPPENED BEFORE.
Ressistance
Daily gold overview I will try to monitor and post in comments section every day my view on gold. And call some trades for future if I see them. I will use for this just candlestick analysis and daily weekly monthly swing highs lows as well as some trend lines to prove for my self one more time how important those pivots are in trading no matter you long term trader medium term or inraday. Hope somebody will find some ideas what can by used in own trading system.