EURAUD. Nice double top on a weekly chart
Hey traders!
Good double top constituted by two pin bar in the top of the movement. The last time the currency pair reached the 1.53 zone declined, and now in 2015 tested the zone again and declined, as well. The double top has been well built, as the second maximum, at least, reached the highest close of the first maximum.
What I expect is a bearish move to 1.44 area.
- Risk/reward ratio: 2
- First target in 1.47 zone, if this zone is reached by te price, partial close of the position and move the SL to breakeven.
What do you think guys?
Good trading to all!
Thanks!
Good double top constituted by two pin bar in the top of the movement. The last time the currency pair reached the 1.53 zone declined, and now in 2015 tested the zone again and declined, as well. The double top has been well built, as the second maximum, at least, reached the highest close of the first maximum.
What I expect is a bearish move to 1.44 area.
- Risk/reward ratio: 2
- First target in 1.47 zone, if this zone is reached by te price, partial close of the position and move the SL to breakeven.
What do you think guys?
Good trading to all!
Thanks!
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.