EURNZD 4hr Short Setup

OANDA:EURNZD   Euro / New Zealand Dollar
Trade what we see:
EURNZD has a lovely support trendline which tracks back on the daily chart to January 2018.
This trend line has now been broken and we are below the 50% retracement level. This is the second re-test of the broken trendline and we can see a lot buyers and sellers getting trapped.
I am cautiously entering this short but my two main concerns are: Italy and bigger pull back over such a bearish run.
I've placed my stop above the next fib level which should act as some protection.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out