EURNZD SHORT @ 1.6517

I would like to see the Euro rally higher into the top yellow box (denoting a Day Supply Zone), then a short can be initiated to sell the Euro against the Kiwi.

The risk is 70 pips with a reward of >5xRisk.

EP: ~1.65170
SL: ~1.65870
TP: ~1.60870

The strong move down from the 1.6517 area suggests that there may be a resell in that area the next time price revisits.