EURNZD PRICE ACTION TRADING INV. HEAD & SHOULDERS

Hello Fellow Traders! 🌟

Today, we turn our attention to the EUR/NZD pair, which is showcasing a classic price action reversal pattern, a beacon for potential lucrative opportunities.

On the minute chart, we are witnessing the formation of an inverted head and shoulders pattern, a reliable indicator of a potential bullish reversal. Notably, the price has surged past the critical neckline breakout level of 1.82596, signaling a strong upward momentum.

Stop Loss
For risk management, stops have been strategically positioned at the midpoint of the right shoulder, safeguarding your investment while allowing room for the trade to flourish.

🎯 Profit Targets:
- Target 1:
- 62% Retracement: 1.83090
- 79% Retracement: 1.83219

- Target 2:
- 127% Extension: 1.83607
- 162% Extension: 1.83879

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