StephTradesxo

Double top formation. EURUSD short.

Short
FX:EURUSD   Euro / U.S. Dollar
After a strong move upwards two tops have been formed. The second top is unable to break the first one set resulting in a strong sign of a reversal. I've placed my entry below the neckline. The drop will be roughly the same height as the double top formation.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.