The month of May formed a nearly perfect head and shoulders pattern on the EUR/NZD daily chart . This presented a short entry opportunity for me on 6/5 that is currently still open for nearly 3% profit. Some traders would have entered into a short trade on 6/1 with the high test candle on the daily resistance line, but I chose to wait for the confirmation of the head and shoulders pattern before going short.Confluence: Head and shoulders pattern completed on 6/5High RSI High test candle from 6/1 on daily resistanceLots of room to work with before hitting support around 1.54175Doubts:Could argue that the left shoulder and head were part of a rising channel since the middle of March. This would put the bottom of the channel just below the right shoulder, leaving very little room to move before hitting support. For me the head and shoulders pattern was strong enough to trade through the bottom of this prospective channel.