EURNZD nice sell setup on 4H

٣١ يناير ٢٠١٦

Overall on bigger timeframes, an up move is due. But in the meantime, until we get that confirmation of an uptrend, there is a nice sell setup on the 4H. A corrective structure on lower time frames has been breached. So I will look for entries on 1H/15min.
If we get a good entry, we can expect a sharp move down to the next trendline structure.