NZD.USD super strong but approaching Resistance Zones: NU top ?
Quick plot to map upcoming resistance zones.
Kiwi has been very bullish as of Nov RBNZ news.
Today it opened with a significant weekend Gap.
Plotted are possible resistance zones based on Fibs from various time frames.
Fib of immediate relevance is Blue set initiated by the weekend gap as Impulse.
Those fib multiples when in confluence with higher tf fibs make zones of interest.
0.64825-863 is immediate resistance, blue 4236 a common end of wave.
0.64973-981 is next resistance, blue 5.236 is second most common end.
0.65151-173 is higher tf resistance, bracketed by blue Band 6 (.236-.618).
This is a followup to my retrace-entry plot after the RBNZ news:
Previous to that we caught the bounce from 0.639 PERFECTLY
In mid-October we caught the EXACT BOTTOM:
Kiwi has been very bullish as of Nov RBNZ news.
Today it opened with a significant weekend Gap.
Plotted are possible resistance zones based on Fibs from various time frames.
Fib of immediate relevance is Blue set initiated by the weekend gap as Impulse.
Those fib multiples when in confluence with higher tf fibs make zones of interest.
0.64825-863 is immediate resistance, blue 4236 a common end of wave.
0.64973-981 is next resistance, blue 5.236 is second most common end.
0.65151-173 is higher tf resistance, bracketed by blue Band 6 (.236-.618).
This is a followup to my retrace-entry plot after the RBNZ news:
Previous to that we caught the bounce from 0.639 PERFECTLY
In mid-October we caught the EXACT BOTTOM:
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
