EN (EUR/NZD) Sell

31 Mar 2019

Eur/Nzd is currently in a downtrend channel. My prediction is that if it drops below the day timeframe support and a candle closes I will sell at 1.64452. As it continues making lower lows and hits the 4 hour support line I will take profit at 1.63338 with a 109.9 pip profit. OR if it reverses and bounce off the 4 hour resistance line I will wait for re-entry off a higher low.