EURNZD - all time (charted) lows broken and retested.

All-time lows (at least the ones charted on TradingView) have been broken yesterday and price action went for a retest of that level. (green dotted line).

It is reasonable to expect price to continue the downwards trend given the QE measures and an "ideal" AB=CD pattern in the making.

There are several ways we can enter this trade :

- at market : stops would have to go above 1.4920 giving the retrace to previous low an less than 1/1 RR ratio
- wait for the formation of a double top, and wait for confirmation of a descent - in which case we can put our stops above the little top and improve our RR ratio
- wait for the formation of a 2618 pattern (double top, break below neckline and .618 retracement of previous down move) - the most conservative way.

Maybe it's not the best option to enter it right before the weekend, so I'd advise to give it a wait and see on Monday opening what the market has done and if it is still a valid opportunity.

Good luck and may the pips be with you !