I don't understand where a neckline is? For a neckline there must be first Head and Shoulders, right?
pipstrading
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@MarkSterensohn, i guess he means the neckline of the previous double tops. however, the double tops is done already (has already reached the short target). It is more of retesting the inclined trend line now rather than the neckline.
juristerei
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@pipstrading, i would short it from D at .7480 . It's Bat pattern bearish
eng.anas.hojuj
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its up now?
FiguringOutFinance
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It definitely broke the 61.8% retracement of the CD move down; currently re-testing former channel line support... given EUR correcting back and forth could be one of those sessions... possibly exercise bit of caution and wait for confirmation. Maybe don't trade for rest of session, to you. Could try for re-test of .7500, too! Who knows!
I like this idea. Is your target price back down in the .739 area? Are you just buying right now or are you waiting for price to start heading back down?
Since82ny
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AUDUSD just looks like it's making the AB=CD correction, sell at the 50% retracement of the impulse move
Good Job Jack