EURNZD: Great Short Opportunity
hey guys,
EURNZD is trading on a key daily level.
though it broke and closed above that, it looks like the breakout was false.
on hourly time frame, the price is locally bearish.
it is currently coiling within a descending triangle formation
I am waiting for a bearish breakout of its support (1h candle close below) to short.
target levels:
1.7733
1.768
if the market goes above 618 retracement of the last bull impulse, setup will be invalid
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