ADAMMAC
Short

GER30 (4HOUR) POTENTIAL DOUBLE TOP FORMING 450+ PIP POTENTIAL

FX:GER30   DAX Index
507 2 22
GER30             looks set to have reached overbought conditions,

with multiple confirmations resulting in my short position,

1. A critical level being reached resulting in the beginning of a double top formation,

2. Overbought levels with a divergence imminent,

3. 200ma acting as a key target level at 3 with near to 500 pip potential.

Risk management level put in place to confirm. Waiting on price action and a break of the trend line to confirm the position.
Comment: Pattern appears to be completing its final stages of the double top.
Trade closed: stop reached: Trade invalidated due to stop lose being breached.
Comment: Price action and bulls are in control now, awaiting new signs of potential reversals.
WHAT IS THE CUT LOSE POINT AT ?
Reply
ADAMMAC EASYCHUA99
Its in the chart, it was 61 points above trade entry.
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