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As you can see NZD/USD H1 chart is showing clear head and shoulders pattern that broke neckline, and now it is standing on 100 EMA(orange line), we wait the price to test neckline level again to confirme downside movement ,if this levels holds it will be a good point to enter short position. As you can see NZD/USD H1 chart is showing clear head and shoulders pattern that broke neckline, and now it is standing on 100 EMA(orange line), we wait the price to test neckline level again to confirme downside movement ,if this levels holds it will be a good point to enter short position.