Euro market top, island reversal formation?

[AMT4SWA]

Quote from kalzayani:

I think today was lowest for da next 250 days
I longed earlier
1.4934 avg
Target 1.5330
check Out EURAUD should do 8 Big figures in 2 weeks

Nope....Sunday night gap down filled and then....... D O W N we go.

 

[Doji7]

1.45 in the cards.....

 

[Doji7]

173 pips to our target....

 

[Wittgenstein]

Quote from Doji7:

looks like mkt top

Good call. Well done.

 

[LearningMarkets]

Does anyone know of a recent example where a double-top eventually became a head and shoulders?

It's possible the EUR/USD could find a shoulder at it's present consolidation point and turn down. If you look at the monthly chart, it sure looks like it could be the start of one.

 

[Doji7]

Long Euro 1.4760

 

[Doji7]

told you guys
LONG EURO 14840 and running

 

[ThePipProphet]

Quote from Doji7:

told you guys
LONG EURO 14840 and running

I took the opposite of your trade. short eur/usd@1.4840 target@1.4675 stop@1.4885. I also posted this trade on ivans thread earlier. (It's possible i may of when short a tad early, but sometimes you just have to trust your guts and indicators.)

 

[BlackBison]

nice initial call doji. long is good here as it may well bounce up from here as dip buyers step in.

my target: 1.53

ur target?

 

[ThePipProphet]

Quote from ThePipProphet:

I took the opposite of your trade. short eur/usd@1.4840 target@1.4675 stop@1.4885. I also posted this trade on ivans thread earlier. (It's possible i may of when short a tad early, but sometimes you just have to trust your guts and indicators.)

stopped out on that one, oh well, on to the next trade