OANDA:EURNZD   Euro / Dollar New Zealand
Weekly:

1. Impulse
2. Brake of previous support

When I add fibonacci I see the price is not touch 38.2% yet for correction. Let's see what we have on lower timeframe.


Daily:

1. Impulse
2. Correction
3. Engulfing candle from 38.2% Fibonacci level

Looks very, very bearish and maybe will not see deeper correction to the monthly resistance.


4H:

1. Impulse
2. Correction
3. 3rd touch of trendline
4. Many engulfing candles

Looks nice for short from this level right now.




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