FXTechs
Short

EURUSD - Weekly double top confirmed - Parity within reach

FX:EURUSD   Euro / U.S. Dollar
A mega NFP print Friday saw the Euro             decline 186 pips / 1.71%, confirming the double top pattern that had been brewing since April. The close below 1.0828 should (finally!), open the path to the multi-year low set back in March (1.0462). If bears manage to crack this level, parity should not be too far off... this was a very large consolidation pattern indeed - over 1200 pips - the 50% extension is .9836. Don't want to get too carried away, but the 100% extension is just above the 92 cent mark (.9210). Holding short from 1.0870 and looking to sell strength.

Trade active: Added to short at 1.0767
Trade active: Added more at 1.0744 - stop at 1.0794 for additions, 1.0828 for position from 1.0870.
Trade active: Added to short at 1.0719 on break below & retest of 78.6 - trailed all stops to 1.0767 (above yesterday's high)
Trade closed manually: Out of all additions for small loss (10% of trade risk) - still holding position from 1.0870, 1.0794 stop. Above there we could be looking at inverse H&S.
Trade closed manually: Closed from 870 @ 770. May get back in. Flat for now.
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out