EURNZD BEARISH REVERSAL FORMED

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Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX

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EUR/NZD BEARISH REVERSAL FORMED!

As we can see price is overall bullish trading inside this channel, however, price is now around a strong resistance zone.

1-From a Technical edge:
For the bears to kick in we need a momentum candle close below the last major swing low, which will confirm the shift in momentum.

Then a movement lower would be expected

2-From a Risk management edge:
1-2 Risk to reward ratio. which will be lining up with the lower rising trendline from higher time frame


If you like this kind of analysis don't forget to like and follow

and as usual follow your trading plan and manage your risk.

Be patient and good luck!
Nota
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Chart PatternsSupport and ResistanceTrend Analysis

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