Short .618 retracement of Double Top

FX:AUDNZD   Australian Dollar / New Zealand Dollar
This is my first independent analysis/trade set up, so be gentle. I don't know if it will complete or not. I am more looking to put this out there for some validation or correction as opposed to offering any kind of trade advice.

120 min chart Double Top completed
Retracement closed below DT V
Entry @ .618 level - 1.0713
SL DT swing high +10 pips - 1.0756
Target #1 1.0662 for 1/2 position
Target #2 roll SL to break even -10 (.0700) and last 1/2 Limit @ 1.0620
Risk : Reward is a little better than 1:1
Comment: Obviously after the 130+ push down, the set up is no longer valid.


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out