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apphiapatten

EURNZD: (H4) Go short!

Short
Euro / New Zealand Dollar (FX:EURNZD)  
apphiapatten Updated   
FX:EURNZD   Euro / New Zealand Dollar
Trend Analysis Technical Indicators Wave Analysis eurnzdshort Fibonacci Retracement
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trendanalysis indicator waveanalysis eurnzdshort fibonacciretracement
Analysis:

- Price is holding around the support level. Could be a retest of this level or a possible reversal.
- Wait for confirmation candle
- Maybe a continuation of the overall downtrend or a continuation of the previous uptrend wave.
Comment:
On the daily timeframe; a strong bearish candle has formed and pushed off of the 0.382 fib level.
This could be a continuation of an uptrend.

Wait for confirmation candle...
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