This double top pattern on H4 chart of the AUD/NZD pair offers 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).
Short entry triggered today at 2:00 UTC at 1.05628 with SL = 1.06598 and TP = 1.04106.
Trade closed: target reached:
Take-profit triggered today at 1.04054 at 2:00 UTC - exactly 7 days after entry (minute to minute).
You can find a lot of detail about my trading ideas in my blog - https://www.earnforex.com/blog/. You will also find useful tools to find, build, and trade similar patterns - all completely free.