EURNZD has provided a potential "playing field" for price to adhere to. Look for the Red S/R line to act as the magnetic force pushing price lower. Once that field is broken, look for the Green line to act as the next level of support. The Green line is our target with a more specific target area defined. I have provided a possible trajectory for price with the pink arrows.
IF price breaks UP from the Red S/R line, this trade will be void.
Take a look at the area that the red and orange circle cross one another. That was our original level of support. With the recent low and correction to the upside, Gwaves has now defined the orange wave as the current playing field for price as it respected the previous support level. As we look into the future, we can see that the blue wave is encompassing our entry level for this trade. This too will play a role in the movement of price.
With the Orange and Blue waves, then, we can triangulate a possible landing spot for price.