Double Top on NZD/USD @ D1
The double top formation on the daily chart of NZD/USD offers a sell trading opportunity in case of a downside breakout. The pattern's tops and its "neckline" are marked with the yellow lines. My potential entry level is at the cyan line. My potential take-profit level is marked with the green line. Stop-loss is to be set to the high of the breakout bar (not shown on the chart).
Order cancelled
The pending order has been cancelled as it is no longer a valid double top setup.
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You can find useful tools to detect, build, and trade chart patterns - all completely free on earnforex.com.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.