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SamuelToro
May 24, 2017 6:56 PM

Double Top in NZDUSD Short

New Zealand Dollar/U.S. DollarFXCM

Description

HoHoHo There! We have a pretty cool double top appearing here at a resistance. Double top can be considered as a reliable reversal pattern. I am looking for a move down to the lower side of 0.69540 or even lower, possibly 0.68589 area. Very interesting wave structure we have here so it might deviate a lot from my scetches.

ANYWAY---> Double top, can present a nice way of getting a small Risk Reward Ratio, which again means good capital management :)

Safe Trading, be free of fear and doubt

-ST
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