Nzdtry trade

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Nzdtry tradeNew Zealand Dollar/Turkish LiraSAXO:NZDTRYInsidertrader489Institutional-Level Double Top Short Setup on NZD/TRY (15M): Price formed a clear Double Top at a key resistance/institutional level around 27.4430, indicating a potential bearish reversal. The second top showed rejection from the resistance zone, followed by strong bearish momentum and a break of the neckline around 27.3890. The ideal institutional entry is on a pullback and retest of the broken neckline / supply zone, with the entry zone around 27.4040–27.4100. The stop-loss is placed above the recent swing high at approximately 27.4480. Trade Direction: SELL TP1: 27.3600 (1R) TP2: 27.3370 (2R) TP3: 27.3150 (3R) The setup is supported by liquidity taken above the previous highs, rejection from resistance, bearish market structure shift, neckline break, and a potential retest entry. This creates a high-probability bearish setup with a favorable risk-to-reward profile, provided the retest is confirmed by bearish price action.