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EURNZD analysis for this week

Hi traders!
It is a brand new week and I am excited to see what's in store for us.
Okay since I did not share on EURNZD before, let's take a look at the chart for this currency pair.
Based on the 4H chart, it is at resistance on a sloping downwards channel. So it is quite a good risk to reward trade.
So a short at current prices is a very good opportunity trade.
So let's see how's the result in a couple of days or end of the week.
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EURNZD 2nd November 2017 Trading Ideas

Hi everyone,
Glad to be back competing in November's 2017 Trader Contest.
Here today I will comment about EURNZD currency pair where I am bearish on it.
My Stop Loss will be at 1.7100 and my Target Profit level is 1.6400 for approx 480pips Profit.
I believe EUR will have a bearish move soon which will drag EURNZD down but NZD will remain level at this levels.
Attached is my EURNZD chart.
All the best to everyone on this currency pair.
Thanks.
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