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Hfxtrader10
Jan 7, 2019 2:56 PM

EURNZD Short Short

Euro Fx/New Zealand DollarFXCM

Description

Overall, we may look at EURNZD as a buy, but before, we can catch a sell on the 1H downtrend it's forming. Price was in a consolidation zone, but a break and retest fits in with the 61.80 FibC zone, where we see previous rejections as resistance and support. This is where we can place a sell all the way down to the -61.80% extension, which fits nicely with the 61.80 FibC (Buy swing) zone where we'll look for a reversal indicating a buy.
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