Xin
Short

Play the short break (when it happens)

FX:EURUSD   Euro Fx/U.S. Dollar
117 2 1
Current double top / rectangle looking for break short. (as upside may be limited if break up).

Tgt             fib levels -> look for confirmed (below 1.3270) due to volatility
Xin
3 years ago
Oddly I still like this broken formation and the fact it hasn't been able to break and hold above our 132775 fib line or the break bottom line entry below 132.70 or even here at 132740 could be considered valid.
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Xin
3 years ago
This has turned into one messy opportunity with only a small handful of pips out of the whole formation so far. May want to keep it on hand but for now I will wait to see if the formation reforms 132.90 top -> fib tgts are still very attractive for shorts
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