My previous analysis of EURNZD Sell entry was to wait for a daily bear candlestick formation. We now have the green light.
Entry: 1. Sell at retest of weekly downtrend line @ .8920 area. 2. Current price of 0.8897
Indicators: 1. Pair currently trading in downwards channel acting as resistance. 2. Daily Uptrend line has been broken with a close under it. 2. Weekly RSI overbought bulls are weakening. 4. Strong Daily Bearish Candlestick close