Although the NZDUSD this looks like a BULLISH pair, the long-term outlook on this one might be to start looking for SHORT opportunities.
looking at SWING HIGHS, this could be the beginning shape of a DANDRUFF SHAMPOO pattern.
However I wouldn’t personally say the pattern has completed its formation,
with that in mind there is no basis for a BEARISH entry just yet but I will
be keeping a close eye for a confirmed 123 pattern…