EURNZD is at tanking a beautiful descending channel. Price is at a current support level and also testing the descending channel's support trend line. There's enough room for an upside movement, but for that price action to be a success, a simple condition has to be met. Assuming price closes above both support level and descending channel's support trend line, price should rally, at least to test previous resistance level, or descending channel's resistance trend line. This should give off a proper risk to reward ratio.
Entry 1.65500, SL 1.65200 & TP 1.67500
Entry 1.65500, SL 1.65200 & TP 1.67500