alphatrader
Short

confluence ya or na

FX:EURNZD   Euro / New Zealand Dollar
19 0 1
So I like this one for several reasons ....

Overall trend is down

We are at a zone/ area that has proven to be re actionary - resistance now but was support a few weeks back

We are at a fib level - the 50% retracement baed off of last entire impulse wave

We are at the outside of the equidistance channel

Well lets wait and see if we get a good entry 50% of the last daily candle is short order

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