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EURNZD is overall bullish in the 4hours tf, traded on a falling wedges and broke out to the lower resistance.
Price tested the lower resistance and broke out the lower trend line (bearish sign).
I noticed a PBOS ( possible break of structure), if that happens price may go to grap liquidity above to descend lower. Major support is at the 1.60 area.
Remember to always follow your trading plan regarding entry, risk and trade management.
Goodluck!
EURNZD is overall bullish in the 4hours tf, traded on a falling wedges and broke out to the lower resistance.
Price tested the lower resistance and broke out the lower trend line (bearish sign).
I noticed a PBOS ( possible break of structure), if that happens price may go to grap liquidity above to descend lower. Major support is at the 1.60 area.
Remember to always follow your trading plan regarding entry, risk and trade management.
Goodluck!
