EURNZD ready to break the D1 range
EURNZD (H4): bearish structure on this time frame; ABCD pattern in play. For entries to go short I would suggest waiting for the retest of 1.74500 or the pullback following a break and close below 1.73500
(Daily): bullish structure however, price has been in a range for quite some time. We have a potential 'lower high' printed at 1.755, however 1.73000 needs to be broken to confirm the bearish break in structure on this time frame.
1.74500 is the nearest key level, holding as resistance. We also have a 78.6 fib rejection. The ABCD pattern completes at 1.7200. I would suggest Keeping an eye on the lower time frames for potential entries to target this level.
(Daily): bullish structure however, price has been in a range for quite some time. We have a potential 'lower high' printed at 1.755, however 1.73000 needs to be broken to confirm the bearish break in structure on this time frame.
1.74500 is the nearest key level, holding as resistance. We also have a 78.6 fib rejection. The ABCD pattern completes at 1.7200. I would suggest Keeping an eye on the lower time frames for potential entries to target this level.
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