Double Top on AUD/NZD @ H4
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.
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.
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.