SIMPLE SHORT TERM TRADE IDEA FOR EURNZD. SELF EXPLANATORY. WATCH THE ZONES, IT JUST RETRACED AND FORMED A DOUBLE TOP ON THE HOURLY 38.2 FIB RETRACE. DROP DO THE DAILY ZONE AND ANOTHER 38.2 FIB RETRACE BEFORE THE BIGGER DROP. OBVIOUSLY FOLLOW YOUR RULES. BREAK & RETEST FOR ENTRIES AFTER CANDLE CLOSES SO YOU DON'T GET PLAYED OUT. EDUCATIONAL PURPOSES ONLY TRADE AT YOUR OWN RISK OR DON'T TRADE AT ALL!
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EURNZD didn't necessarily reach the 1.7250 zone before the 1.7350 retest but it did retrace back up there before dropping hard breaking our 1.72 zone just like our projected move! Dropping another 800 pips after!