The M5 and M15 time frames may have more false entry points.
FX.co ★ EURNZD M15: Double Top
Signal strength 2 of 5
EURNZD M15: Double Top
On the chart of EURNZD M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.8053; the lower boundary 1.8033; the width of the pattern 20 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.8010 level.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade