alexp

Double top major trend reversal for Kiwi

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
0
Kiwi has recently broken trendline , bounced back to MA and has formed a double top for major trend reversal. The probability is still around 40% as it's in tight trading range, however, risk:reward ratio of 1:2 makes this trade reasonable
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.