Hey guys,
earlier in the week we've highlighted a possible reversal zone in the daily chart of NZDUSD (see the attached analysis) and so today found a double top right at that previous daily level (black line).
The engulfing kicker (under the arrow) is the confirmation signal that we were waiting for entering the market.
Target1 at the retest of the lows and target 2 along with structure.
Stop above highs.
Hope you find it useful!
Let's see how it'll develop.
earlier in the week we've highlighted a possible reversal zone in the daily chart of NZDUSD (see the attached analysis) and so today found a double top right at that previous daily level (black line).
The engulfing kicker (under the arrow) is the confirmation signal that we were waiting for entering the market.
Target1 at the retest of the lows and target 2 along with structure.
Stop above highs.
Hope you find it useful!
Let's see how it'll develop.
