The double top formation on the daily chart of NZD/USD offers a sell trading opportunity in case of a downside breakout. The pattern's tops and its "neckline" are marked with the yellow lines. My potential entry level is at the cyan line. My potential take-profit level is marked with the green line. Stop-loss is to be set to the high of the breakout bar (not shown on the chart).
Order cancelled:
The pending order has been cancelled as it is no longer a valid double top setup.
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