EURNZD – Rising Wedge Breakdown | Bearish Continuation SetupEuro/New Zealand DollarFX:EURNZDzubeyrfx20EURNZD has completed a rising wedge structure on the 4H timeframe and has broken down with a clean lower–timeframe flag retest. Price rejected key resistance, confirming sellers stepping back into control after distribution at the top of the structure. After the initial impulsive sell from the wedge, price formed a corrective flag and retested the previous structure support–turned–resistance, offering a high-probability continuation setup. Key Technical Points Clear rising wedge formation + breakout Bearish flag retest confirming continuation structure Lower-high formation inside bearish market context Liquidity grab above recent minor swing followed by rejection Targeting major support zone near 1.9617 Entry: Retest of structure & bearish flag Stop Loss: Above structure / corrective flag high Take Profit: Major support zone at 1.9617–1.9640 Bias: Bearish unless price reclaims structure high with momentum. This setup is aligned with bearish trend continuation structure following distribution at the wedge top. Looking for a continuation leg toward the previous demand zone. Monitoring reaction as price approaches target area for partials and trail stop accordingly. 📌 Risk management first — trade the structure and follow momentum confirmation.