Euro market top, island reversal formation?

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

 

1.45 in the cards.....

 

173 pips to our target....

 

Good call. Well done.

 

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.

 

Long Euro 1.4760

 

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.)

 

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?

 

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