TheShredded_FX_Trader
Short

EURNZD Broken ascending channel

FX:EURNZD   Euro / New Zealand Dollar
EURNZD - 2hour timeframe:

1- Broken ascending channel ,
3- Bearish corrective structure,
3- Divergence,
.
Price broke out of an ascending channel and it's currently making a bearish corrective structure,
.
Price is showing Divergence in the MACD which indicates a possible reversal in the direction of the trend,
.
We will be waiting for a break out of the bearish corrective structure to confirm the down move towards the Daily support level .

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