Multiple time frame confluence pointing towards a bearish bias. H4 has multiple wick rejections at the 78.6% Fibonacci region, in further confluence with the previously broken trend-line structure.

Positive carry trade.

SL: 1.6970
TP1: 1.6710
TP2: 1.6440
Candlestick AnalysisconfluenceEURNZDMultiple Time Frame AnalysisTrend Analysis

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