EURNZD - Head & Shoulder Pattern - 24/04/2024

A Head and Shoulder pattern has been observed on EURNZD on the 1 hour time frame, following Bearish Divergence earlier, hence confirming a trend reversal, if the price breaks through the neckline.

Trade Call: Short
Entry: 1.79589 (Sell Stop)
SL: 1.80519
TP1: 1.78689
TP2: 1.77789