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Double topWell Serene Traders hope you are all well, and have been busy trading.

Things have realy been looking up for most of us traders, but still find a few nice setups that are to the short side.

Here is EUR/USD and it looks to be setting it self up for a short sell.

I see a DOUBLE TOP and not too mention that its in a CHANNEL as well.

If you look at the snap, I took I have marked the CHANNEL out in YELLOW and then 2 TREND LINES out in PURPLE.

As you can see it has broken the TREND LINE and might be looking to test it and then push back down or even break to the UP side.

I would watch this one very closely and see what IT DOES.

Please don’t just TRADE this with out doing your own analysis of the CHART.

Happy Trading.

18/05/2009 Posted by | Education, Forex Updates, General, Potential Trades | , , , , , , | Leave a comment