After a big impulsive down move, price has broken below the corrective structure it move in, changing our view. Still in long term EURNZD will rally but in the short term we should now wait for a correction possibly till the broken level, and watch for sell setup to complete. If we have an interesting scenario ahead i will update this post.
Keep your trading simple, follow your own plan..! Like and comment if you agree..!
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A bearish flag is forming clearly seen at 1h chart. You may sell after price breaks below the pattern.