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
are you still in this trade?
Reply
machos
3 years ago
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
Irvin_Fitness machos
3 years ago
Looks like another neckline test occurring. If the test holds, it may be a good time to re-enter.
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