NZDUSD
The price touched the resist zone. On the chart is presented simple price movement which is possible. After several measuring , we can conclude that the price will go upwards to the point of resist line. The resist line is measured by Fib retracement and half used extension. They are not presented because of the visibility of the chart. The price may create little retracement which will go downwards to the fib retracement 0.382 point and reverse to upward movement to the main resist zone, respected many times.
Good luck !
Please leave a comment below !
The price touched the resist zone. On the chart is presented simple price movement which is possible. After several measuring , we can conclude that the price will go upwards to the point of resist line. The resist line is measured by Fib retracement and half used extension. They are not presented because of the visibility of the chart. The price may create little retracement which will go downwards to the fib retracement 0.382 point and reverse to upward movement to the main resist zone, respected many times.
Good luck !
Please leave a comment below !