Duchess_of_Forex

EURUSD SHORTS! 100 PIPS!

Short
OANDA:EURUSD   Euro / U.S. Dollar
- EU has created a double top on the 4-hour timeframe.
- EU has reached monthly resistance but needs a deep pullback before it can break it.
- The DXY has created a double bottom showing signs of strength.

I predict EU will be bearish for the next few weeks, my bias is sells.

Let me know if you agree or disagree with my analysis in the comments.
Comment: Please be aware that this is a swing trade opportunity, you might have to hold this trade for 1 or 2 days.

Comments

i place my sell order at 1.22570 and 1.22370
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i believe the resistance which gave us a double top may act as a support should the buyers become more aggressive
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@Gucciiboy, Anything is possible with forex, it may go up to retest that resistance again but I still believe it will melt. :)
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Gucciiboy Duchess_of_Forex
@Duchess_of_Forex, no doubt mam .
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