apphiapatten

EURNZD: (H4) Go short!

Short
FX:EURNZD   Euro / New Zealand Dollar
Analysis:

- Price is holding around the support level . Could be a retest of this level or a possible reversal.
- Wait for confirmation candle
- Maybe a continuation of the overall downtrend or a continuation of the previous uptrend wave.
Comment: On the daily timeframe; a strong bearish candle has formed and pushed off of the 0.382 fib level.
This could be a continuation of an uptrend.

Wait for confirmation candle...