NZDUSD: Double Top Pattern at Key Resistance

In my previous NZDUSD the reversed head and shoulders pattern worked wonders, pushing price to the upside for more than 200 pips. Willing to define the path of price to the upside, I drew an upscending channel which works very well . The sliding parallel of the channel acts resistance every time it was tested pushing price to the down. The last time price tested the resistance level it formed a double top pattern which consists a sell opportunity. Stops should be placed above 0.70500 and we should aim for 0.69200.

I wish you Merry Xmas!
All the best to you and your families,
John

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