EURUSD - Weekly double top confirmed - Parity within reach

9. Nov. 2015

A mega NFP print Friday saw the Euro decline 186 pips / 1.71%, confirming the double top pattern that had been brewing since April. The close below 1.0828 should (finally!), open the path to the multi-year low set back in March (1.0462). If bears manage to crack this level, parity should not be too far off... this was a very large consolidation pattern indeed - over 1200 pips - the 50% extension is .9836. Don't want to get too carried away, but the 100% extension is just above the 92 cent mark (.9210). Holding short from 1.0870 and looking to sell strength.

9. Nov. 2015

Trade ist aktiv

Added to short at 1.0767

9. Nov. 2015

Trade ist aktiv

Added more at 1.0744 - stop at 1.0794 for additions, 1.0828 for position from 1.0870.

11. Nov. 2015

Trade ist aktiv

Added to short at 1.0719 on break below & retest of 78.6 - trailed all stops to 1.0767 (above yesterday's high)

11. Nov. 2015

Trade wurde manuell geschlossen

Out of all additions for small loss (10% of trade risk) - still holding position from 1.0870, 1.0794 stop. Above there we could be looking at inverse H&S.

11. Nov. 2015

Trade wurde manuell geschlossen

Closed from 870 @ 770. May get back in. Flat for now.