exploration

Double TOP Strategy NZD/USD 930 pip move

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
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Setup:Trade only if price drops below the dotted line .....930 pip move ... profit target 0.6531
My calculations (High of Double top 0.8391)-( Low of Double top 0.7461)=0.0930 ... thats 930 pip move when/if price breaks below the double top dotted line of 0.7461

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Comments

Hey exploration, I might be wrong, but that could be considered a range or rectangle formation. As I know the Double top should reverse something. A drop bellow that line could trigger a very big move, though.
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