EURNZD M-Pattern

EURNZD has M-pattern in daily time frame.

Expection ?: i expect it to go upp and confirm the M-pattern and then make a down to downside. And later on form a dubbelbutom and then contiune to uppside to the resictanse line.

Fib ret: at 2 last days shows the golden zone at M-patterns confirme zone that is why i expect it to go upp and then make a move to down side and then go upp to resictanse line.

A fake out can happen. It can go for a touch at zone 1.65§ , the reson why it can is becus at bigger time frame as like as weekly. there is a huge support zone level at 1.65 level.

how can you confirm a long postion ? by looking at lower time frame as like as 4 hour and 15 min time frame.