EURNZD: Classic Top-Down Trading Setup 🇪🇺🇳🇿
EURNZD reached a key daily structure resistance on Friday.
Testing the underlined yellow area, the price formed a head & shoulders pattern on 1H time frame.
Its neckline was broken during the NY session yesterday.
I expect a bearish continuation to 1.735 / 1.725
For entries, consider an occasional retest of a broken neckline.
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