The pair is in an interesting position, recently formed a hammer at support and neckline of the double top formation at 7.7100 and the 50-days SMA, The price could have done this retest before heading higher towards an initial target at the two latest tops around 7.9850....
Holding above 7.7100 is the main requirement for this scenario, as a breakout and daily closing below it will confirm the double top pattern breakout. In that case, shorting with targets at 7.5000 and 7.3115 is the preferred choice..
Good luck
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Holding above 7.7100 is the main requirement for this scenario, as a breakout and daily closing below it will confirm the double top pattern breakout. In that case, shorting with targets at 7.5000 and 7.3115 is the preferred choice..
Good luck
Subscribe to my trading portal thefxchannel.com/ ,
My best regards
Technician