On the lower time frame, a head and shoulders pattern has been spotted on EURNZD (www.tradingview.com/x/Tn8eTzVL/). This pattern is a popular chart pattern used in technical analysis to identify potential trend reversals. It is important to wait for a clear breakout before considering long positions, especially for those who are conservative.
Additionally, on the higher time frame, price has formed bullish flags, indicating a continuation of the upward movement. These flag patterns typically represent brief pauses or consolidations within an overall uptrend.
Consider other factors such as R S flips support and risk management techniques, such as setting stop-loss orders and identifying profit targets, should also be implemented to protect capital and optimize potential gains.
Additionally, on the higher time frame, price has formed bullish flags, indicating a continuation of the upward movement. These flag patterns typically represent brief pauses or consolidations within an overall uptrend.
Consider other factors such as R S flips support and risk management techniques, such as setting stop-loss orders and identifying profit targets, should also be implemented to protect capital and optimize potential gains.