exploration
Short

Double TOP Strategy NZD/USD 930 pip move

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
293 1 0
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

Video tips on trading double tops and how to place profit target and stop out http://www.informedtrades.com/2916-double-bottom-double-top-trading-strategies.html

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Razvan
4 years ago
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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