EURNZD: Great Short Opportunity (Trading Plan)

hey guys,

🔻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.

target levels:

1.7733

1.768

if the market goes above 618 retracement of the last bull impulse, setup will be invalid