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TheDailyTrader_FX
Feb 5, 2019 1:08 AM

NZD/USD 1H Double top + RSI Divergence Short

New Zealand Dollar/U.S. DollarFXCM

Description

Following bullish three point correction wave on 4H

pair has put in clear double top , with bearish divergence on RSI . Price action has already broken below structure support signaling further decline. Im looking for price to pull back to broken support at 0.69000, which also happens to be 38.2% Fib Retracement. ATR based stops above the double top .

Trade closed: target reached

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