EURNZD: Multi Time Frame Analysis & Trading Plan

EURNZD reached a strong daily resistance last week.
the price formed a bearish engulfing candle on a daily, confirming the strength of the horizontal level.

zooming in last week's price action we see that on 4H the price broke below a rising parallel channel.
now the price retest that.

to catch a short rally from the broken boundary, I am looking at a double top formation on 1h.
1.7838 is its horizontal minor support, for now, it holds the market.
I want to see its bearish violation first (1H candle close below),
only then I will initiate short.

target levels:
1.778
1.775

stop will be above the tops.

in case of a bullish continuation above current tops,
setup will be invalid.