Try to find order block or golden ratio on this picture. Also use fibonacci formula and tell me what do you think. What should I do.....buy, sell or neutral.....your prediction

1. Golden Ratio Analysis:

The image shows the AUD/NZD currency pair's 1-day candlestick chart. To find the golden ratio, we need to identify the price levels that have a 1.618 ratio with the surrounding price points.

Step 1: Identify the price points to be used for the golden ratio calculation.

• The top of the chart is the highest price reached, which is approximately 1.10750.
• The bottom of the chart is the lowest price reached, which is approximately 1.08000.

Step 2: Calculate the golden ratio using the two price points.

• The golden ratio (φ) is calculated as the ratio of the price increase to the price decrease. In this case, the price increased from 1.08000 to 1.10750, and then decreased to 1.10289.
• The calculation is: (1.10750 - 1.08000) / (1.10750 - 1.10289) ≈ 1.618

Step 3: Interpret the result.

• The price has reached a level that is approximately at the 1.618 ratio of the previous high and low, which suggests that the price may be in an area where it could potentially reverse its trend.

2. Order Block Analysis:

The order block is the area where the price has recently moved and is likely to be the focus of further price action. In the chart, the most recent price is 1.10289. The order block can be visualized as the horizontal range just above and below this price.

• The upper boundary of the order block is the highest price reached, which is approximately 1.10750.
• The lower boundary of the order block is the lowest price reached, which is approximately 1.08000.

Considering the golden ratio analysis, if the price has reached the 1.618 ratio of the previous high and low, the order block would be around the current price level of 1.10289. This suggests that the price may be consolidating or possibly testing the resistance at the 1.618 ratio level.

3. Prediction:

• If the price has indeed reached the golden ratio level, it could be a good time to consider either taking a profit or waiting for a potential breakout or retest of the resistance level.
• If the price has not yet reached the golden ratio level, it may be more appropriate to wait for a clearer pattern or a retest of the current price level before making a decision.

In conclusion, the prediction would be to wait and observe for further price action to confirm if the price has indeed reached the golden ratio level, and then consider the appropriate trade strategy based on the outcome.