Trade of The Week | Classic Structure Breakout Trade 🔥🔥🔥
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.
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.
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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Note
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