EURNZD is currently in a buyers trend on the 60, But sellers just did a 100% pullback.
The reaction from the buyers are weak and it seems it is barely able to reach the previous S/R.
Looking to short near prices on the previous breach.
Things to expect.
1. if prices were to test the breach with alot of strength , i will standby and fade the momentum before considering a short.
2.Prices fails to reach the breach and goes south. Standby and wait for the pullback again.