NZDUSD: Head & Shoulders Breakdown - Short Setup ActiveNZD/USDOANDA:NZDUSDByteSignals📉 NZDUSD , 4H Pattern: Head and Shoulders - Neckline Broken Trade Setup: Entry: 0.5740 (neckline break and retest zone) Stop Loss: 0.5820 (above right shoulder) Take Profit: 0.5635 (measured move target) Risk/Reward: 1:1 Technical Analysis: The pair has formed a textbook Head & Shoulders pattern with a clear neckline around 0.5740. Price has broken below the neckline and is currently testing it as resistance. The measured move from head to neckline projects a target around 0.5530. Key Levels: Head: ~0.5860 Left Shoulder: ~0.5840 Right Shoulder: ~0.5820 Neckline: 0.5740 Target: 0.5530 Confluence Factors: ✓ Clean H&S formation ✓ Neckline breakdown confirmed ✓ Price rejecting neckline retest ✓ Bearish momentum on RSI Risk Management: Stop placed above right shoulder at 0.5820 to invalidate pattern if price reclaims this level. Position size should be calculated based on 80-pip stop loss. ⚠️ Risk Warning: This is not financial advice. Always manage your risk appropriately.