Short Eur/Gbp
entry...................0.8091
stop....................0.8123 (32 pips)
1st target.............0.8027 (64 pips)
Lets see how this double top plays out
I shouldnt have covered my Gbp/Usd position so soon:thumbsdow
Got in at 1.6300 and got out at 6250 a while ago, and we're still going lower.
Perfect double top pattern
How do I know if I've drawn a correct support line? This might sound like a dumb question since you're just drawing a line but is there a certain criteria besides connecting two lows? I have a chart of the S&P 500 daily with a trend line drawn.