EURNZD SELL (HEAD AND SHOULDER + PRICE ACTION)

21 нояб. 2024 г.

EURNZD is showing a potential head and shoulders pattern, with the left shoulder already formed and the price approaching the neckline. This setup aligns with the overall bearish market structure, following a sharp downward move (flash), now entering a consolidation phase. The current price action suggests accumulation of sell orders, setting the stage for a strong down move once the neckline is broken. A short scalp could be considered once the pattern completes and the price breaks below the neckline, with a stop loss placed above the right shoulde