Setting up on EURNZD
# Price has reached the previous swing high
# Resistance level is holding (so far)
# Did you see the massive double bottom? Price is at the neck line now
The market is still bullish until market structure changes. At this stage my expectation is for price to do one of these things:
1. Break through resistance, possibly test resistance as support and push higher towards 1.7700
or
2. Pulls back to a 50 or 61.8 Fibo retracement level of the last bullish move, then pushes higher
or
3. A sell off takes place and price cruises back down to the 1.64 support area
Either way it goes, price action will be my leading indicator. See live examples by following me in Forex Bootcamp using the telegram link below.
Please visit my website using the link below if you would like to join my mailing list. I email out trade set ups, strategies and training from time to time and there is no fee so feel free to take advantage.
I have a custom indicator, a trading robot and a premium investment research option that you can enjoy - please email me to request more information.
# Resistance level is holding (so far)
# Did you see the massive double bottom? Price is at the neck line now
The market is still bullish until market structure changes. At this stage my expectation is for price to do one of these things:
1. Break through resistance, possibly test resistance as support and push higher towards 1.7700
or
2. Pulls back to a 50 or 61.8 Fibo retracement level of the last bullish move, then pushes higher
or
3. A sell off takes place and price cruises back down to the 1.64 support area
Either way it goes, price action will be my leading indicator. See live examples by following me in Forex Bootcamp using the telegram link below.
Please visit my website using the link below if you would like to join my mailing list. I email out trade set ups, strategies and training from time to time and there is no fee so feel free to take advantage.
I have a custom indicator, a trading robot and a premium investment research option that you can enjoy - please email me to request more information.
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