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
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and as usual follow your trading plan and manage your risk.
Be patient and good luck!