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EURNZD: The Zone to Watch đŸ‡ȘđŸ‡ș🇳🇿

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Euro / NyzeelĂ€ndsk dollar (OANDA:EURNZD)  
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OANDA:EURNZD   Euro / NyzeelĂ€ndsk dollar
Supply and Demand Fibonacci Wedge priceaction priceactionanalysis priceactiontrading swing swingtrading swingtrader EURNZD
22
11
supplyanddemand fibonacci wedgepattern priceaction priceactionanalysis priceactiontrading swing swingtrading swingtrader eurnzd
snapshot

EURNZD is trading in a long-term bearish trend.
On Friday the price reached a peculiar zone of confluence:
we see a perfect match between 618/50 retracements of the last two bearish impulses
and a horizontal structure on the left.

To catch a bearish move from that wait for a bearish breakout of an expanding wedge pattern on 1H time frame.

Goals will be 1.635 / 1.626

In case of a bullish breakout of a blue zone, the setup will be invalid.

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