EURNZD has the potential to form an inverse head and shoulders, the neckline is pretty strong as it is on a resistance line with previous touches. What I am looking for from the pair is for it to break the price of the descending trend line and too retest so we then know it is a valid trend line, from here I will look to enter a short term long up to this "neckline" depending on price action at the time we will then hopefully be riding the pip train up from there.