Fxprotrader
Short

EURNZD: Sell Opportunity At Key Level

FX:EURNZD   Euro / New Zealand Dollar
Price has been rejected from a slide parallel of a downsloping median line set and has broken below the consolidation it was moving on it's way up. A big bearish divergence at MACD shows that the upmove has lost its steam and we should now watch for a sell setup completion to join the move to the down. I will personally wait for the smaller consolidation below the broken level to end with a breakout and go short.

Slide parallel price rejection:
snapshot


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