EUR / NZD trend continuation (bearish)

On the daily chart we are in a confirmed downtrend (as denoted by the proper order EMA). We are looking for a lower low lower close candle in the red zone with targets set to a re-test of the previous low. An ATR based stop above the previous high has been used and a fib retracement back to the previous low allows us to target a 1:1 setup, as denoted by the green and red boxes.

Trade closed manually:

The entry was never triggered as we did not get a lower low lower close candle in the red zone.