Structure EUR/NZD
The overall downtrend is downward (ma50 below ma150 on the daily chart) and the price bounced off trendline (Daily chart)
Price bounced off 50ma and 0,5 Fibonacci level(4-Hour chart)
Price bounced off 150 ma (1-Hour chart)
Therefore this is a good short opportunity
SL) 1.685
TP) 1.6624
Price bounced off 50ma and 0,5 Fibonacci level(4-Hour chart)
Price bounced off 150 ma (1-Hour chart)
Therefore this is a good short opportunity
SL) 1.685
TP) 1.6624
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