EURUSD, LOOK FOR PRICE ACTION TO RETRACE

HELLO ALL,

EURUSD SEEMS TO HAVE POSSIBLY FORMED A DOUBLE TOP ON 4HR. IF IT IS CONFIRMED AS THE TRADING DAY/NIGHT GOES BY, SELL TO .50/.618 FIB ON 4HR CHART, TRAIL YOUR STOPS. ONLY IF THE DOUBLE TOP IS CONFIRMED, LOOK FOR PRICE ACTION. GOOD LUCK TO ALL!!!

KEEP AN EYE ON DXY, LOOKS TO BE FORMING A DOUBLE BOTTOM TO RETRACE ALSO, GOOD LUCK!

IF YOU LIKE PLEASE GIVE A THUMBS UP AND ALSO COMMENT YOUR OPINIONS AND IDEAS, THANK YOU!

Comment:

MY UPDATED VIEW ON EURUSD. 1 HR CHART SHOWS A POSSIBLE H&S FORMING ALONG WITH THE DOUBLE TOP I HAD ALREADY POSTED. MY VIEW IS IF IT BREAKS 50 MA WHICH IS NEXT TO POSSIBLE NECK LINE, SHORT THE PAIR. SHORT THE PAIR ONLY IF YOU CONFIRM ON BREAK AND RETEST, OR STRONG PRICE ACTION SHOWING THE BREAK. AIM FOR THE .50 FIB 4HR CHART WHICH IS 1.1010 AREA.

GOOD LUCK TO ALL!