Quick analysis of EURNZD

2019-11-06 01:55:51

I have drawn fibs from the last major swing. Price is at 0.236 whilst not a major level in my opinion, it is still a level.

Triangular wedge is forming.

Inside the triangle I have placed Fibs. There is a large amount of Fib confluence from both minor swings.
Price is currently rejecting the 61.8 level.

I will wait for a breakout of this triangle to see the market direction and await a retest.