exploration

Double Top Strategy USD/CAD 140 pip move probability

FX:USDCAD   U.S. Dollar/Canadian Dollar
791 3 0
Setup: Place trade only if price goes below the dotted line. I have caculated a 140 pip move down from the dotted line on the chart. If price doesn't move below the dotted line don't trade the double top stratagy...

Tips on trading double tops http://www.informedtrades.com/2916-double-bottom-double-top-trading-strategies.html
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While I'm not going to dispute your short call, a double top by definition signals the end of an up trend. The area you're charting is merely a small retracement in a downtrend, imo.
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There goes a big fish story .some get away...i didn't place a trade... zero breakout :)
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zero loss and zero win
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