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FX.co ★ NZDUSD M15: Head and Shoulders

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Technical Analysis Patterns

2024-11-29T13:00:44
Signal strength 2 of 5

NZDUSD M15: Head and Shoulders

Head and ShouldersThe technical pattern called Head and Shoulders has appeared on the chart of NZDUSD M15. There are weighty reasons to suggest that the price will surpass the Neckline 0.5903/0.5902 after the right shoulder has been formed. So, the trend is set to change with the price heading for 0.5879.
The M5 and M15 time frames may have more false entry points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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Other patterns by NZDUSD