Watching price at Daily zone of Resistance right now.
Two scenarios I see happening here (or a 3rd one and price goes all the way up!).
1. A clear sell signal could occur here which could trigger my short position (Shooting star for example).
2. Price pulls back to the H4 Fibonacci 50.00%/61.80% which is in alignment with my Daily Fibonacci 50.00%.
- When this happens be aware of the Daily Support level to be broken again.
Target zone is described on the chart.
When the Price meets the Ascending Trend line I see it going up from there since on a long term bias I am Bullish EUR/NZD.
Two scenarios I see happening here (or a 3rd one and price goes all the way up!).
1. A clear sell signal could occur here which could trigger my short position (Shooting star for example).
2. Price pulls back to the H4 Fibonacci 50.00%/61.80% which is in alignment with my Daily Fibonacci 50.00%.
- When this happens be aware of the Daily Support level to be broken again.
Target zone is described on the chart.
When the Price meets the Ascending Trend line I see it going up from there since on a long term bias I am Bullish EUR/NZD.