Trading_Jazz
Short

(D) Eventual 2618 // IF=THEN ®

FX:EURAUD   Euro Fx/Australian Dollar
FX:EURAUD            

Double top ;
Broken Neck;
Retracement; (we need a 618)

We have them all, double top followed by a broken neck, found some support @1.444$ and a pullback...
Now, we have a strong pressure zone @ previous "Neck" price zone (aka resistance), and IF we get the 61.8% retracement , i will search for eventual short opportunity;

Also a eventual ABCD pattern, but we need a confirmation of B to C leg that can terminate on any fib levels from 38% to 78%;

Double Top definition & 2618 trade setup ®

snapshot

Safe Trades;

Comment:
(D) The Bulls disappointment @ Bears Pressure
Comment: +/-1500 pips
Showww
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Do you think there is a potential bull flag here?
snapshot
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Ajoy12345 Ajoy12345
EURAUD
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Good write up. Thanks for the lesson. Cheers.
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