EURNZD Short Trade Setup

Hello Traders

My forecast is a quite big downward impulse, at least 1000 pips, and the last top (green C) can be its starting. If so, we got a reversal impulse and correction after the last top. Then it dropped fast, and I thought the correction was over which can still be the case, but as you can see it bounced back again. So, it can go up one more because of the expanding flat as I drew. We will see if we have a bigger correction, but I have already placed an entry order under the last bottom with SL above the correction by risking 2%. If it breaks the top, I'll remove my entry order and start waiting for a new reversal pattern. I hope this will be the case.

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Trade with care.
Bulent