I was hurrying this morning trying to get to a meeting and didn't look closely to see who posted the above chart....my apologies to both of you.
Looks to me like your analysis is correct. I decided to enter when I saw the increasing up volume. Overall, there was more risk to this trade than some because of the high-impact news release at 8:30 am.
NZD/USD retest of a SupplyZone back in May 2013 on the DAILY chart.
Daily TL, 1a-3a Fib study 198.7%, 1-3 Fib Study 127% and nice pop into Zone today. Missed my entry by 5 pips. Looking for nice VSA setup on 30/60 or lower time frame.
Ya it was based on the daily and the entry was set based on that trend line and the expectation price would touch again and go a bit deeper in to the zone. Volume was still high going into the zone on some lower time frames as well. Can't show that right now.