nzdusd has formed a double top with 2 ending diagonal patterns. for entries you can use lower tf. if the bearish leg is very impulsive i will not take tp1. i will hold and take my first target at tp2. sl can move to break even after market passes 0.70700
short nzdusd - double top - ending diagnal - candlestick rejection - RSI divergence
entry: to be determined sl: 0.73386 tp1: 0.68000 tp2: 0.66879 tp3: 0.63470 tp4: 0.61968 tp5: 0.58914
risk: less than 100 pips potencial gain: 1300+ pips ------------------------------------------------------------------------------------------------------------------------------------------------------------- *liability disclaimer*: all trade setups i publish are my personal view of the markets. if you plan on using my setups as signals, do your own research. you are responsible for managing your entries, exits, profits and losses.