chanmatthewchan

Double Top

chanmatthewchan Updated   
FX:EURUSD   Euro / U.S. Dollar
Double top in a zone. Shorting now!
Trade active:
False breakout almost hit SL, and hitting my trendline as resistance. Price is now slowly heading down to entry.
Comment:
Price went back up and almost hit SL again. Triple top seems to be forming. Here is my new analysis:
Trade closed: stop reached:
Price hit my SL before going back down towards entry, and is now bouncing away from that support/resistance zone. Price is either going to keep going back up, or it will go down to break and retest the horizontal level, creating a head and shoulders pattern.
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