EURNZD - Head and Shoulders top

Trade Idea

A bearish Head and Shoulders has formed.
Negative overnight flows lead to an expectation of a weaker open this morning.
Selling posted in Asia.
We look for a re-test of the downward trending resistance.
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.7325, resulting in improved risk/reward.

We look to Sell at 1.7325
Stop: 1.7375
Target 1: 1.7150
Target 2: 1.7100