pantera259

Double Top break and retest on NZDUSD

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Text-book visualization of the break and retest strategy for a double top. Preceding uptrend, forms a double top and market breaks to the downside. Two candles open and close outside of the break and Fibonacci tool is used to find entry. Entry was at the 618 for minimum drawdown for a gain of 134 pips during the sell.
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