Setting up on EURNZD

# Price has reached the previous swing high

# Resistance level is holding (so far)

# Did you see the massive double bottom? Price is at the neck line now

The market is still bullish until market structure changes. At this stage my expectation is for price to do one of these things:

1. Break through resistance, possibly test resistance as support and push higher towards 1.7700

or

2. Pulls back to a 50 or 61.8 Fibo retracement level of the last bullish move, then pushes higher

or

3. A sell off takes place and price cruises back down to the 1.64 support area


Either way it goes, price action will be my leading indicator. See live examples by following me in Forex Bootcamp using the telegram link below.

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