Will NZDUSD make a head and shoulders formation?
Updated
From what I see, two spinning tops formed at the bottom of what could be the neckline of a potential head and shoulders formation, indicating there may be a reversal of direction. I am waiting on some more bullish confirmation from the daily chart however you may find some good long opportunities on a shorter timeframe.
Good luck and please trade at your own discretion.
Good luck and please trade at your own discretion.
Comment
So the far the pattern looks like it is forming, for this pattern to complete we would have to see some bearish movement.Disclaimer
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