Looking to Short NZDUSD with this setup. (UPDATED)
The the chart we can see a clear reversal pattern (Double Top) formed, and also a break through the up trend support that has held for days.
We see that Price is about testing the 0.66177 horizontal support, at this level, I'm expecting a little rejection to the upside before finally breaking breaking through the horizontal support to the downside.
We can make our entry with 1:3RR at 0.66410 and SL=0.66826 and TP=0.65164.
Please do let me know your thoughts and questions in the comment session.
We see that Price is about testing the 0.66177 horizontal support, at this level, I'm expecting a little rejection to the upside before finally breaking breaking through the horizontal support to the downside.
We can make our entry with 1:3RR at 0.66410 and SL=0.66826 and TP=0.65164.
Please do let me know your thoughts and questions in the comment session.
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