machos
Short

EURAUD - Double Top

FX:EURAUD   Euro Fx/Australian Dollar
147 3 1
risk is that is has lost almost 700 pips within a week already, but double top formation completed and crossed the neckline. Double top usually signals a reversal of trend.

Targeting major support at 1.39
Yes, I am still in this trade. Usually with double tops, the price will retest the neckline, so as long is there isn't a definitive close above the neckline, I will stick with this trade. Yesterday's AUD data did not help, but I think the price will go down next week. In either case, we are at breakeven. Should have we should have taken the 150 pips two days ago? Perhaps, but let's see if the neckline can hold.
Reply
Looks like another neckline test occurring. If the test holds, it may be a good time to re-enter.
Reply
are you still in this trade?
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out