Long term EURNZD
but we may now have a very good opportunity to short this market. Price has reached a level where we meet previous structure and the 0.382 fib level of a daily downtrend. We already may see that price has rejected this zone adding to our thoughts selling. In addition we have a bearish
divergence on MACD
and if someone likes counting waves it's clear we have a five wave cycle with fifth wave reaching our key zone.
Too many factors for a sell trade..!