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EURNZD - Daily - Head & Shoulders?

Short
Euro / New Zealand Dollar (FX:EURNZD)  
c_cap11  
FX:EURNZD   Euro / New Zealand Dollar
Chart Patterns Technical Indicators HEAD shoulders EURNZD EUR NZD Daily Charts reversal
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chartpattern indicator head shoulders eurnzd eur nzd daily reversal
It seems the Head & Shoulders pattern is forming in the daily TF.
Besides RSI shows a downtrend meaning the strength of the uptrend is weak.
Lower Volumes when forming the right shoulder, with respect to the previous ones, will be the confirmation of the pattern.
Possible entry after the Breakout of the neckline @1.71
SL @1.7160 given from the 4H TF analysis
TP @1.6545
R/R 8.8
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