Potential Trend Reversal? EUR/NZD Double Top 4HR Trendline Break
We have seen some good upside on the EUR/NZD for a little while now which has lead to some resistance at a key area of Monthly Support. We can see the bulls tried to rally twice but failed created a nice double top reversal pattern. We can also see the trendline has just been broken and EMA are about to cross to the downside. For me to take an entry I would like to see a retest of the EMA once they cross and some rejection on the 1HR and confirmed on the 2HR. Please be patient with your trading and monitor your entries with precision and accuracy.
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