put in a double top
formation on the daily chart
back on Feb 16. Subsequently, there was a lower high put in on Mar 7 and reconfirmed on Mar 8 @ 1.2445/1.2446. I am interested in a short position in the area of 1.2445 - 1.2400 with targets @ 1.2190 - 1.2150. I will be waiting for candlestick
confirmation on the 4HR chart within the 1.2445 - 1.2400 area to place this trade. I will be employing a 30 to 50 pip stop loss on this trade as it is counter to the daily uptrend.