EUR/NZD Reversal Pattern Spotted , Short Setup To Get 150 Pips !

Jun 30

Here Is My 2H T.F EUR/NZD Chart and this is my opinion , after this massive movement to upside without any correction we need a good place to sell from it to collect some pips so i found a very good res area and also we have a double top pattern on 2H Time frame and also we have a confirmation buy closing below our neckline and the breakout candle showing a very bearish price action so we can sell now and if the price go higher to retest the neckline we can add 1 more contract , as we see the price make a fake breakout by closing above the last high but now again we below it and we can sell and targeting 100 to 150 pips and using a decent stop loss , if we have a 4H Closure above the last high again this idea will not be valid anymore .

Entry Reasons :

- Double Top Reversal Pattern
- Breakout Done
- Bearish P.A

Jul 1

Trade active

The Price Touched Our Selling Area And Moved +80 Pips

Jul 1

Trade closed: target reached

The Price Touched Our Selling Area And Moved Almost +100 Pips

Jul 9

Note

The Price Touched Our Selling Area And Moved +240 Pips