RedStaR
Short

EUR/USD Short position plan

FX:EURUSD   Euro Fx/U.S. Dollar
993 6 3
Euro/Usd just hit 1.343, testing a previous resistance from mid June, forming a double top on the daily chart .

Chances are high that this price will not break on the second test, according to bearish divergence on the STOCH indicator coupled with higher highs on the chart, therefore we have got ourselves a shorting opportunity with the following targets.

Start of with a short on the current price quote, and wait for the price to hit the Dragon's XB trend line , take profit at that level.

If price breaks the trend line , then you will have a strongly bearish move potentially to target 2 at price 1.3150.

After it hits target 2, the two bearish patterns will be complete, and you could go long targeting at least a 100 pips.
good plan.thanks.
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Great Work
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First target reached, pending for target 2
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Target 2 reached, chart is a success.

I will personally be going long for the time being @ the 38.2% (1.325) CD retracement.
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you did good!
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great chart, congratulation....
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