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).
Trade active
⋅
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).