Euro / New Zealand Dollar
Short

EURNZD BEARISH REVERSAL FORMED

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

If you like the idea, do not forget to support with a like and follow.

EUR/NZD BEARISH REVERSAL FORMED!


As we can see price is sitting around a strong resistance zone! where we will be looking for new bearish movements!

Meanwhile, price is still overall bullish trading inside this rising channel from a short-term perspective.

And for the bears to kick in we need a momentum candle close below the last major swing low,
Then a movement lower would be expected.

And as usual 1-2 Risk To Reward Ratio from a risk management perspective.


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!

Disclaimer