on a euro newzealand we have a great chance to sell the retest of a recent violation of a neckline of a head and shoulders pattern.
watching daily chart, we see that the market finally violated a decent level of support. As the level was violated, a new lower low was established. The pullback occurred. Approaching a previous level of structure we see clear rsi divergence and looking for opportunities to sell the market. Though many traders just sold the retest of the broken structure, Some could miss the opportunity or wait for confirmation.
The initial target is based on the market low. Stop above head!
Good luck!
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