Check out the simple DOUBLE TOP (M) pattern forming on the 4hr chart in confluence with a bigger daily double top (second top) and monthly supply. I'm looking to trade that break and retest of that 4hr M neckline. Check out the linked Trade Idea for a bigger overview of this trade and long term price projection.
Comment:
Trade is not yet active but still valid. Ended up being a kind of a triple top turtle soup, just short the breakout & retest of 113.78. Now remember, for it to be a valid break out the first 4hr breakout candle needs to close under 113.78. The 4hr retest candle needs to throw a wick up to the 113.78 but close under it!!!! Once that happens, that’s your entry!!! Until then.... stay away from this trade! Educational purposes only, traDe at your own risk! I am not your financial advisor.
Trade active:
Price broke that zone is was waiting for and it’s trading under it after a beautiful retest. I would say wait for the 4hr candle like before to close under but I doubt now that it will come back up. It is your choice, trade @ your own risk, I am in profit.
Trade active:
Up 100 pips from entry.
Set SL/SP @113.30.
We might get a retrace to 113.07 opening next week.
Set SL/SP @113.30.
We might get a retrace to 113.07 opening next week.
Trade closed: target reached:
TP HIT ONCE AGAIN.
