I'm not as experienced as you are. I follow your charts sometimes and I learn from you. I work off moving averages, stochastics and trend patterns. It seems my guess on this one was right though, at least, so far. Thanks for charts always.
Hi, thanks for sharing the idea. I am a little concerned about the double top, absence confirmation is seems difficult to call it at this stage. I agree that resistance usually holds but I am not sure I would bet on it particularly with the general USD bearish sentiment in play at the moment. If the double top does hold the short trade may face resistance at 1.07 the previous swing low which is part of a sequence of gently improving higher lows.