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Balazs

NZDUSD - If History Repeats Itself Then Sell

Short
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
Balazs Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
3
2
Looking at a sell opportunity on this one. As you can see we've had some successful 2618 trades within the higher time frame trend channel (even ones against the trend). Looking to sell this double top now since it retraced to the 618 level and even above. Plenty of room for multiple targets, enjoy!
Comment:
The initial double top had some good momentum and plenty of room for profits but didn't turn into a full 2618 setup. Then we saw another double top which reached our first target, and now we have a smaller one. But watch out because it could also be developing a double bottom as we speak. Time will tell, don't rush it.

snapshot
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