alex29cdo

Triple top? Major reversal pattern

Short
alex29cdo Updated   
FX:EURUSD   Euro / U.S. Dollar
Although I would like to see the Euro soar higher, could this be a major indication that the Euro might start to reverse? I’m going to monitor the EMA closely on this one to choose my entry point but I have a feeling if it does not make new highs, sellers are going to step in sooner rather than later.
Trade closed: target reached:
Downtrend started, triple top was a clear indication of market reversal
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.