no... it's a three eyes flying critter :-D
The pair EUD/USD has potential double tops on 3 timeframes.
On the long-term timeframe we can see a sideways movement between prices 1,52 - 1,17. Since the minimum price of July 2012, we are ranging with top at 1,37. If we clearly Break up this level, the path will be free to return to the top at 1,52 area.
The price so far failed to clearly break up the long-term resistance. We are currently in a short-term trading range, and at the moment we can see 3 potential double tops. If price break down 1.3625 level we can go at least to the 1.33 to 1.34 area.
For now i need to monitor the h4 potential double top, will see if price breaks out or confirms the double top.
The pair EUD/USD has potential double tops on 3 timeframes.
On the long-term timeframe we can see a sideways movement between prices 1,52 - 1,17. Since the minimum price of July 2012, we are ranging with top at 1,37. If we clearly Break up this level, the path will be free to return to the top at 1,52 area.
The price so far failed to clearly break up the long-term resistance. We are currently in a short-term trading range, and at the moment we can see 3 potential double tops. If price break down 1.3625 level we can go at least to the 1.33 to 1.34 area.
For now i need to monitor the h4 potential double top, will see if price breaks out or confirms the double top.
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