EURNZD Short Trade

EURNZD H1

Although, I don't trade this pair much, but this steps offers good RR ratio. 

Price is just coming south after touching the channel's upper trendline .This channel is in place since 7-Nov.



On daily timeframe, pair looks a little bit over brought. On hourly and H4 timeframes, the current high looks divergence.

On hourly chart, 200EMA comes at mid of the channel. Shorting this pair at current prices against highs for a move towards lower trendline is a good trade.