TRADE OF THE WEEK | Classic Triangle Breakout 💰

Short

British Pound / New Zealand Dollar (OANDA:GBPNZD)

Updated

OANDA:GBPNZD British Pound / New Zealand Dollar

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Hey traders,

Here is a great short rally that we caught with my Top-Down trading strategy this week.

The pair reached a major daily structure and formed a head and shoulders pattern on that on hourly.

Being stuck on the neckline for some time, the price formed a descending triangle formation.
Breakout of its horizontal support was the trigger to short.

With a consequent strong bearish wave, 500 pips of pure profit were made.
Great winner!!!

❤️Please, support this idea with a like and comment!❤️

Enjoy your weekend, traders!

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