EURNZD-D1-Perfect zigzag at a key level

This pair has form a nice perfect zigzag visible on D1 chart.
Top down analysis on W1:
- 0.61 fib retracement
- strong level of S/R
- pinbar (shooting star)
- WXY structure


Here at D1 chart:
- perfect ABC zigzag with its internal subdivisions (5-3-5)
- corrective channel
- price bouncing from top of channel

We could enter short here:
- Stop loss above round level 1.7000
- Targets are based on fib retracements, shown on chart.

Happy trading!