Short Term Short Opportunity

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
89 5 2
Long Tail and Double top . Good luck.
It can't be a double top with the previous high being higer than those two points.
Please look at the 15 mins chart and see the tails at that level . It's forming resistance
jarodp42 Predictindex
not saying there is not resistance there, I'm just letting you know that it would not be considered a double top. I see a lot more resistance around 7.15. Here is my chart.
Okay great, at lease we are both in the "right" direction .But what I am trying to say is that there is a double top in 1 hour chart. Daily Trader can take advantage of this opportunity .
jarodp42 Predictindex
yes we are in the same direction! but what I am saying is that it won't be considered a double top until price reaches your D point on your chart. Hope this makes sense, I wouldn't want you to think this is considered a double top and trade this in the future when its not a real double top. GL
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