Head and shoulders pattern formed
Updated
EurNzd has sucessfullly formed a head and sholders pattern and the week closed at the neck. looking for price to make a slight pull up and then drop from the neckline. a 4h rejection candle, will be the need signal. the swing is for a week and the meassured move down is about 300 pips
Trade active
we are currently at our area of interest on EURNZD, we are looking for a 4H engulfing candle or a 1H pin bar candle at this zone, note that market moved upward with a bulish channel, paying attention to the next double top on the 1h and 3Om time frame is the next clue to selling this market. 1.795 is our psycological price. watch our for price rejection from here. 
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