EURNZD

This is my trading plan for EURNZD. Daily chart has nice consolidation area and break above should move price to 1.6076 level. On the way there is resistance at 1.5760 area, where some pause can take place. First I would like to see drop back to 1.5200 level, where I will be looking for long signal. Using smaller time frame is possible to get better risk reward ratio. 4 hour chart looks like at the moment break of the rising line should push price to 1.5200.