possible buy on EURNZD 4H TF

The breakout happened on 4H TF and it came for a retest. Currently it's retesting the neckline of the W pattern which also completes the 1st target (38.2 fib level) for the short trade from 1.7495. It's expected to show a bullish momentum after getting rejected from the neckline. The TP targets are 1.7485 (1st) and 1.7560 (2nd).


Disclaimer: This is not a signal, this analysis is for educational purpose only. Please do your own technical analysis and get into the trade with your own risk when you find a valid entry.