Potential double top on the hourly TF, Pullback possible
Hello traders, there is a potential double top forming in the
hourly chart of NZD/USD.
If the resistance zone holds, we can expect NZD/USD to fall around
50-60 pips. Potential sell entry would be between 0.6040-0.6050
with SL above the resistance and TP at 0.5975.
hourly chart of NZD/USD.
If the resistance zone holds, we can expect NZD/USD to fall around
50-60 pips. Potential sell entry would be between 0.6040-0.6050
with SL above the resistance and TP at 0.5975.
Note
Price has dropped 20 pips since I posted
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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.