PaulWallace
Short

EURGBP about to double top?

FX:EURGBP   Euro / British Pound
103 3 1
I'm looking to enter a short position on EURGBP             as it could be setting up a double top near this multi-year trend line . I am waiting to see what happens, if these levels will hold after this weeks ECB and BOE events.
still valid or not???
because now it is 0.87186
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PaulWallace ashif030
No longer a valid double top, however the price could still pierce the trendline to test the highs between 8750 and 88. How this chart looks on Thursdays close (after the ECB and BOE events) will be when and if I decide to take a trade on this. If we spike up and then close back below the trend line it will be a good shorting opportunity.
Reply
ashif030 PaulWallace
ok..
many thanks...
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