As you can see in the New Zealand Dollar/ U.S Dollar H4 chart , The market formed a nice double top , and a breakout trap at the second top .
The breakout of the neckline confirms the chart pattern , and if the market approaches the demand zone , we can predict a strong impulsive move upwards .
The breakout of the neckline confirms the chart pattern , and if the market approaches the demand zone , we can predict a strong impulsive move upwards .
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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.