Here is a simple short trade set up on EURNZD. Price has reached the midpoint of the daily 0.618 & 0.786 Fib level so there should be some nice resistance around here.
Price has now broken the 4hr bullish trendline and come back to retest it. In this retest zone we also have the 4h Fib 0.786 retracement level and the 1.69 whole number price level.
I am targeting the 1.618 fib extension on this for profit taking.
Price has now broken the 4hr bullish trendline and come back to retest it. In this retest zone we also have the 4h Fib 0.786 retracement level and the 1.69 whole number price level.
I am targeting the 1.618 fib extension on this for profit taking.
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