NZDUSD: Double Top at Resistance
Hi Traders,
Kiwi has formed a double top reversal pattern at previous resistance. I am looking for a "2618" opportunity to go short as indicated on the chart. Price is very close to the entry level at the 61.8% retracement of the move from the second top to the lowest point below the neckline.
Entry: 0.72740
Stop: 0.73320
Target 1: 0.72060
Target 2: 0.71710
There is Australian employment data being released today, and Kiwi has some correlation to that event.
If you found this idea useful, leave a like or comment, it is always appreciated. Remember to follow for setups every week.
Luke
Kiwi has formed a double top reversal pattern at previous resistance. I am looking for a "2618" opportunity to go short as indicated on the chart. Price is very close to the entry level at the 61.8% retracement of the move from the second top to the lowest point below the neckline.
Entry: 0.72740
Stop: 0.73320
Target 1: 0.72060
Target 2: 0.71710
There is Australian employment data being released today, and Kiwi has some correlation to that event.
If you found this idea useful, leave a like or comment, it is always appreciated. Remember to follow for setups every week.
Luke
Dagangan aktif
Dagangan ditutup: hentian tercapai
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.