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Trade of The Week | Classic Structure Breakout Trade ๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ

ืžืืช โ€ŽVasilyTraderโ€Ž
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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.

MarketBreakdown | NZDUSD, USDCHF, S&P500, CADJPY


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.
NZDUSD: Does It Look Like Confirmed Reversal? ๐Ÿ‡ณ๐Ÿ‡ฟ๐Ÿ‡บ๐Ÿ‡ธ


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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GOLD (XAUUSD): Ultimate Technical Outlook For Next Week ๐Ÿฅ‡
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