Double Top on AUD/NZD @ H4
Updated
This double top pattern on 4-hourly chart of AUD/NZD gives an opportunity for a bearish breakout trade. The pattern's tops and neckline are marked with the yellow lines. My potential entry level - the cyan line. My potential take-profit level - the green line. Stop-loss is to be set to the high of the breakout bar (not shown).
More information, chart template, and a free expert advisor to automatically trade this pattern - on earnforex.com/blog/audnzd-to-finalize-double-top-on-h4-chart/
More information, chart template, and a free expert advisor to automatically trade this pattern - on earnforex.com/blog/audnzd-to-finalize-double-top-on-h4-chart/
Trade active
Entered short @ 1.05944 at 13:53 UTC. SL=1.06413, TP=1.04675.Trade closed: target reached
TP @ 1.05041 reached at 4:29 UTC. Actual TP was higher than original due to spread widening.
You can find useful tools to detect, build, and trade chart patterns - all completely free on earnforex.com.
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