EURNZD has jumped over 2.30% after the RBNZ decision. Now Price seems to be overbought and ready to test the area close to next resistance. The market structure on the higher timeframe remains bearish so this is technically a great entry price for a SELL. My target is the last low at 1.7120 .
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First red candle. Waiting for a break of the 200 MA....
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Broke above the resistance. At the moment, it is best to close...
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Broke again below the resistance...
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Market is closed
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Waiting for a 4h candle to close below the blue line and I will look for a potential sell position.
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Lower high plus we have maintained price action below the next resistance. Patience pays...