After a massive 8H trend down, EURNZD made a bounce north. Now there is conflict with a Daily trend heading south. I explore the probabilities. Have a look.
Disclaimer : T his is not a recommendation to trade securities. Your losses are your own should you take a position. This means you sue yourself if you lose your money.
A potential shorting opportunity, coming of decent impulses to the downside, nice small level of resistance. You want to be wary of the higher timeframes (Daily) as we are at wicked support which does make it a bit more uncomfortable.