EURNZD Potential Bearish Movement

2020-03-04 17:16:22

EURNZD Potential Bearish Movement

we are waiting for a momentum candle close below 1.761 to sell this one

Reason:
1- Regular Bearish Divergence on MACD (in red)
2- Objective Head and Shoulders Pattern (in blue)
3- Resistance / Supply from Daily (in green)

Three confluences are enough to consider Selling EURNZD, after a break below 1.761 (in gray)