eurnzd reversal just now?

Hello traders here we might have an ab=cd trade completing its bc leg a couple pips lower than its present price. We can also a see falling wedge forming within the channel. Also as we can see there is some very significant fib confluence in my opinion at the entry since thats the 618 retracement of the bigger move up. We can also observe that the price is at a previous demand level and we are targeting the above supply for completion of the abcd. The cd leg might extend upto the 161.8 level and we do have a fresh supply level there as well
cheers

Trade geschlossen: Stop wurde erreicht