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Akil_Stokes
May 26, 2016 11:37 AM

EURUSD: Double Top at Previous Structure Short

Euro Fx/U.S. DollarFXCM

Description

Looking at a double top at previous structure resistance here on the EURUSD to continue our TCT on this pair. We've also had the RSI go overbought on the initial test while showing divergence on the second test.

We've been watching for this level all week in the Live Room and Jason Stapleton just added it to his radar as well. So Syndicate members, make sure you tune into this morning's Warroom Meeting to see his take.


Akil Stokes
Chief Currency Analyst & Head Trading Coach
TradeEmpowered.com -The Premier Online Trading Education Company


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Trade active

Trade closed: stop reached

BOOM! Looking to reload shorts on the potential bearish bat formation above
Comments
VasilyTrader
Thank you, Akil, for your ideas and videos on YouTube :)
Akil_Stokes
You're welcome
Lazly_Antony
Akil_Stokes
Thanks for sharing your opinion
Germaine_Mills
Am I the only one that sees the double-bottom?
Akil_Stokes
No you'r e not the market had previously double bottomed
Carlos_LL
Hi Akil, there seems to be a weird looking Cypher finishing, with X @ previous structure.
Carlos_LL
Oops, not Cypher, Gartley.
Akil_Stokes
We noticed that as well
Laurence
Shall we buy now Sir Akil?
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