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UnknownUnicorn3773688

EURNZD - Hit Res Level 2, then dropped. - SELL

Short
Euro / New Zealand Dollar (FX:EURNZD)  
UnknownUnicorn3773688  
FX:EURNZD   Euro / New Zealand Dollar
Trend Analysis Chart Patterns Harmonic Patterns
2
0
trendanalysis chartpattern harmonicpatterns
EURNZD broke out of its ascending support turned resistance line where we expect to see a drop further to its next support. As we can see, it has touched RES 2 and dropped back down towards RES 1. From here, I expect it to drop further down towards support level.

Attach a tight SL and large TP, giving a good RR.
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