OANDA:EURNZD   Euro / New Zealand Dollar
euro has been a bull market but we saw some down side so i pulled out a fib retracement on the 1D and had nicely bounced off the 0.618 retracement

its been trading in this channel type or a bull flag in you like like breaking out of it and retesting to go on further

also the fib based extension is a good way to tell when a reversal might be coming and it perfectly lines up with the fib on the 1D also with some bullish daily candle bars

I would like to hear peoples thoughts or any constructive criticism

Comments

This is a nice analysis , go ahead.
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