EURNZD SHORT | End of week profit target

I've been shorting this since last week, but didn't release the trade idea.

I just added on to my sell with this continuation pattern.

Im trading a breakout of the contraction, a basic PipsMatter pattern.

RR is very solid!

Comment:

We have important news coming out of New Zeland overnight... I still expect the print to be NZD positive since we have breakouts on NZDUSD and EURNZD and both breakouts are in favor of NZD. Should be a good mover and we might just wake up with TP being reached SInce its only 120 pips from price action.

From New Zealand, we get the following,

- RBNZ Financial stability report: It provides insights into the bank's view of inflation, growth, and other economic conditions that will affect interest rates in the future;

This release will be important as the RBNZ recently lowered interest rates... now it is important to note that 2 hours after this release the Governor of the RBNZ will hold a press conference.

Orr, who is the governor of the Royal Bank of New Zealand will then again, at 02:10 am GMT testify about the report released at 22:00 pm GMT.

In the mean time we also get the ANZ busienss confidance report...

Making tonight the "NFP" day for the NZD!