EURUSD: Retest of Structure & Retest of Double Top

EURUSD is setting up almost identically to the Gold and Silver trading opportunities that we discussed in Tuesday's Syndicate video. Looking at a retest of a previous structure shelf that once was support and now is anticipated to show some resistance.

We've already double topped during the London session, which means that using the 2618 would be the perfect technique for those looking to get involved.

We have another jammed packed day of economic news events being released today especially from the GBP starting at 8am (New York). Thus far this week I've been on the wrong side of most moves but as we demonstrate time in and time out, the only way to get through a drawdown is to trade through it.

Easier said than done this week as I'll probably be shutting down shop soon, but I did get filled the Kiwi position so if I could get a positive win on that, it would be a great start to the drawdown healing process.

Lastly I'll probably be live on Youtube tomorrow during or right after the Non Farm Payroll release.

Trade active:

Short at 1.1108

Comment:

Mentioned this in the live room earlier, it's technically NOT a 2618 due to the invalid 2xtop but structure wise it's takeable in the same type of way

Order cancelled:

Out for breakeven before NFP

Trade active:

I re-entered the EURUSD at the same price point after the Non Farms release showed little reaction

Comment:

Stops rolled to 1.1086, that locks in 18 pips of profit as the worst case scenerio

Comment:

Stops rolled to 1.1065's as we came 5 pips shy of 1st profit targets

Trade closed: target reached:

Initial target hit