Hey traders,
Here is a great confirmation top-down trade that I caught on GBPNZD this week.
Being very bearish biased on the pair, I was monitoring the pair for quite a while. I was looking for shorting opportunities within a wide weekly/daily supply cluster.
After weeks of passive observing, I finally spotted multiple confirmations:
The price broke a rising channel on 4H time frame.
My entry reason was a double top formation on an hourly and its neckline breakout & consequent retest were the triggers.
Then the market dropped sharply giving me 250 pips of pure profit and 4/1 risk to reward.
Great trade!
Did you catch a bearish rally on GBPNZD?
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Note
Check my new idea on EURUSD: 
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.