GBPNZD Double Top Formation and Short Opportunity
Pair / Instrument: GBPNZD
Time Frame: H1
The trend in the Timeframe: BULLISH
The trend in the Daily Chart: BULLISH
Description: GBPNZD made the double top – failed to break above the double bottom neckline -. Possible to test 1.95240. Break below the neckline may generate 80 pips downside
Trade Based On: Double top formation
Stop Loss: 1.95700
Take Profit 1: 1.94700
Take Profit 2: 1.94300
Link to follow the chart and idea: GBPNZD Trade Idea
Update: 07-17-2018 Hits Target and Trade 90 pips,
Rules To Keep In Your Mind: Trade Safe. Money Management is the key to success in forex trading. Do not risk more than 1% of your account in each trade.
GBPNZD Trade Idea: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility
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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money