Xaff

EURAUD. Nice double top on a weekly chart

FX:EURAUD   Euro Fx/Australian Dollar
143 2 7
Hey traders!

Good double top constituted by two pin bar in the top of the movement. The last time the currency pair reached the 1.53 zone declined, and now in 2015 tested the zone again and declined, as well. The double top has been well built, as the second maximum, at least, reached the highest close of the first maximum.

What I expect is a bearish move to 1. 44             area.

- Risk/reward ratio: 2
- First target in 1.47 zone, if this zone is reached by te price, partial close of the position and move the SL to breakeven.

What do you think guys?
Good trading to all!
Thanks!
great Idea
Reply
Xaff Arezou
Thanks, man. Let's see what happens
Reply
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