A descending channel pattern formed on the daily chart of the EUR/NZD currency pair following a month-long uptrend. The pattern's borders are marked with the yellow lines. The potential entry level is at the cyan line. The potential take-profit level is at the green line. The stop-loss can be set to the low of the candle preceding the breakout candle. It's not shown on the chart. I will ignore bearish breakouts from this descending channel formation.