Price has broken through the 134.170 level (this is a previous day's Asian Session HIGH) after a BULLISH trend reversal. Price is looking GOOD for the 3rd Wave Analysis ! This pair has been BEARISH all week with an Inverted Head & Shoulders terminating that trend. We bought (4) CALL contracts @134.250 strike price for $55.88 each. We also Scalped (2) contracts earlier this week when the price was on the way DOWN !
Trade closed: target reached:
That final Wave went ~ 2.618, this did show us how a previous Session High in this case represented the break-out of a double Top. That being said, we scalped mid-week and end of week Took Full Profit ! Another GREAT week for this Weekly Swing Trader !