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Lingrid | EURNZD shorting After RESISTANCE Zone Rejection

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EURNZD market broke above the range zone and is now heading toward the resistance zone at 1.84500, as well as the channel boundary. However, since the market moved above the previous week's high, I believe it may soon reverse and move downward forming fake breakout. This is supported by the fact that the price is currently testing an area where it previously dropped and there is bearish divergence on the 1H timeframe. Therefore, I think there is a good chance that the weekly candle may close below the previous week's high at the end of the trading week. My target is support zone around 1.83350


Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

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