2018Oct31 NZDUSD H1 Double Top-2618

NZDUSD             has been on a downtrend and formed a double top with broken neckline. I am looking to enter at the 61.8 Fibonacci retracement level of the 2nd top to the swing low of the broken neckline. Stop loss is just above the 2nd top. The take profit target is set at the 61.8 Fibonacci retracement level of the upswing. Trade details are as follows:

Trade Setup: Double Top-2618

Price Entry 0.65545

SL 0.65758 | SL pips 21.3

TP1 0.65061 | TP1 pips

RRR1 2.27