GBPNZD Short on Double Top on major support Short

British Pound/New Zealand DollarFXCM

Description

⋅ Jun 22, 2015 12:55 PM

GBPNZD is overbought on the Daily and Weekly.
Moreover a Double top has completed on a strong major structure that works as support.

If you're prudent you can wait for a 2618 setup before enter the trade and short !

2618 Trade Double Top

Comments

OrlandoBill

⋅ Jun 22, 2015 5:25 PM

I had a target of 2.3020 to go short....now waiting to see if this holds path. Been range trading this to the downside recently. Thanks for your insight. OrlandoBill