NZD/CHF Daily- Break upside. Will this hold? Possible LONG Trade

On the daily chart, we can clearly see price break to the upside of the downtrend channel. This could possibly mean the end of the downtrend and a start of a new long position or a perfect opportunity to short if price continues to the downside.

We would look for price to hold the most recent key support level. Zoom into the 4H/1H chart, look for bullish candle stick patterns for entry level. Risk management 2:1 ratio.

https://www.tradingview.com/x/sfs0x7lx/