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Roker1
Nov 8, 2016 12:19 AM

Double Top at previous daily resistance at market Short

New Zealand Dollar/U.S. DollarFXCM

Description

Hey guys,
earlier in the week we've highlighted a possible reversal zone in the daily chart of NZDUSD (see the attached analysis) and so today found a double top right at that previous daily level (black line).
The engulfing kicker (under the arrow) is the confirmation signal that we were waiting for entering the market.
Target1 at the retest of the lows and target 2 along with structure.
Stop above highs.

Hope you find it useful!
Let's see how it'll develop.
Comments
Niverto
Roker1
@Niverto, Hey there, nice setup. Now we are at a daily resistance zone, let's see if we can get long.
Niverto
@Roker1, Hi, yes exact we are entering a daily support, where the market has already reacted to it.
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