NZDUSD | Daily. Possible move up
The green supply zone has been satisfied.
The yellow demand zone has been satisfied. Also note the weak volume profile associated with the yellow zone.
We now have a supply zone notated by the teal zone which happens to fit nicely within the 38.2% and 50% FIB retracement lines.
Could this move up, bounce around the 61.8 FIB line, them move into the teal / 50% to 38.2% FIB areas?
#learning #critique
The yellow demand zone has been satisfied. Also note the weak volume profile associated with the yellow zone.
We now have a supply zone notated by the teal zone which happens to fit nicely within the 38.2% and 50% FIB retracement lines.
Could this move up, bounce around the 61.8 FIB line, them move into the teal / 50% to 38.2% FIB areas?
#learning #critique