EURNZD – Bearish Setup (H2 Chart)

📊 EURNZD – Bearish Setup (H2 Chart)

Pair: EURNZD
Timeframe: 2H
Bias: Short Position

🔎 Market Context:

Price recently rejected from the 2.02521 – 2.03250 resistance zone.

Sellers appear to be stepping in as bullish momentum weakens.

Structure points to a possible continuation lower if rejection holds.

📌 Trade Plan:

Entry Zone: 2.02521 – 2.03250

Stop Loss (SL): Above 2.03250

Take Profit (TP): 2.00366 (previous support / liquidity area)

⚖️ Risk-Reward (RR):

Approx 1:3, aligning with weekly trade management.

📅 Setup valid for Oct 6 – Oct 10, 2025

⚠️ Disclaimer: This chart idea is for educational purposes only, not financial advice. Always manage risk before trading.