Trade of The Week | Classic Structure Breakout Trade 🔥🔥🔥
Hey traders,
2 weeks ago NZDUSD broke and closed below key daily structure support.
We were patiently waiting for a retest of the broken structure to short the pair.
Retesting the broken level, the price formed a double top formation with equal highs on a 1h time frame.
We were waiting for its neckline breakout as our trigger to short.
After a breakout, we set our sell limit order on a retest.
Then the market dropped nicely giving us 65 pips of a pure profit.
Great Top-Down breakout trade!
Did you catch this move?
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Note
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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.