EURNZD Daily - Market Conditions | Next Point of Entry 01/05/24

I'm expecting a pullback to the neckline of the 'active' local trading range top neckline.
If a range forms on top of this neckline it will be a super strong BUA in phase D of the 'active' local trading range. Ideally you would see a separate 'active' trading range which would be the BUA and ideally this would be a re-accumulation active trading range as opposed to an accumulation / pullback type scenario, this is simply because I believe a BUA re-accumulation trading range as I imagine it would be a stronger SOS.