EURAUD 3 day bull trap potential Double Top for trend resumption
A potential DT is forming now and it is encapsulated within a flattish channel.
This channel has a macd divergence as well.
However I do not wish to take action only after the DT is formed. By then SL pip risk will be about 200 pips.
Looking for retest at 4371 is more feasible and allows pip risk to be minimized.
Tp1 at neckline
Tp2 will be lower if this DT materializes.
This channel has a macd divergence as well.
However I do not wish to take action only after the DT is formed. By then SL pip risk will be about 200 pips.
Looking for retest at 4371 is more feasible and allows pip risk to be minimized.
Tp1 at neckline
Tp2 will be lower if this DT materializes.