NZDUSD - Double Top - 26/04/2024
The NZDUSD has demonstrated a robust uptrend, with recent observations of divergence on the 1-hour timeframe. Subsequently, a discernible double top pattern has emerged, signaling a potential conclusion to the bullish phase and a prospective transition to a bearish trajectory. In the event of a neckline breach, the recommended trade stance is to initiate a short position.
Trade Call: Short
Entry: 0.59171
SL: 0.59705
TP1: 0.58640
TP2: 0.58100
Trade Call: Short
Entry: 0.59171
SL: 0.59705
TP1: 0.58640
TP2: 0.58100