EURNZD: Great Short Opportunity (Trading Plan)
🔻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.
if the market goes above 618 retracement of the last bull impulse, setup will be invalid