NZDUSD. Bulls are exhausted, watch smaller timeframes for shorts. I just entered 1/3 of my target lots short because it could fall from market. However, any spikes in NZDUSD are huuuuge sell opportunities. 6.6 RR.
Nice job guys. If you sold the top like I predicted, watch for break to the downside. We've already had 5 waves in this structure, I am expecting a break. If it breaks, I will be adding since I only shorted 1/3 at the top. If it bounces sell higher highs. s3.amazonaws.com/tradingview/snapshots/a/arZkw58V.png
Nota
This is very beautiful price action today guys. Very nice double top.
We are getting a corrective breakdown instead of impulsive. Some of the other dollar pairs weren't ready to commit (I'm looking at you EURUSD.) So protect your entry and see if we get another down impulse. s3.amazonaws.com/tradingview/snapshots/g/gQGUSGy0.png
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If you sold the top as recommended, great job!! I'm now short 2/3 on NZDUSD.
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