EUR NZD - Potential Head & Shoulders Pattern Forming?
Taking a look at the EURNZD chart, we may be seeing a potential head and shoulders pattern emerging! This classic reversal setup often indicates a shift in trend direction, typically from bullish to bearish.
The left shoulder and head seem to be forming, with the possibility of the right shoulder completing soon. If this pattern plays out, we could expect a potential downside move once the neckline is broken.
However, as with any setup, it's important to confirm with other indicators and manage risk accordingly. What do you think? Are you seeing the same pattern, or do you have a different view?
Drop your thoughts and comments below!
#EURNZD #ForexAnalysis #HeadAndShoulders #TradingPatterns #TechnicalAnalysis
The left shoulder and head seem to be forming, with the possibility of the right shoulder completing soon. If this pattern plays out, we could expect a potential downside move once the neckline is broken.
However, as with any setup, it's important to confirm with other indicators and manage risk accordingly. What do you think? Are you seeing the same pattern, or do you have a different view?
Drop your thoughts and comments below!
#EURNZD #ForexAnalysis #HeadAndShoulders #TradingPatterns #TechnicalAnalysis
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