Those who are not short will be eager to sell. How Does A Double Top Work? EUR/USD, the, eUR/USD daily Forex chart sold off again overnight. One of the reasons why a double top can lead to a strong bear trend is that there is often a very strong 2nd leg. Victoria Victoria, Mahe, Seychelles. Therefore, the probability is only slightly higher for the bears. If there is a breakout, both will have an urgent need to sell.
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Once it comes out, day traders will probably have many days with big swing trades. Also, the bears know that a euro dollar trading strategy higher low has been likely. Until the intraday ranges increase, day traders will continue to scalp. Because traders know that the probability favored a higher low this week, traders can find themselves trapped. There is a very important point about the strong rally to the March 20 high. Therefore, that strong rally will have trapped bulls into a bad long and trapped bears out of a good short. It is now in its seventh day of a bear micro channel after a 10-day bull micro channel. Overnight EUR/USD Trading, the EUR/USD 5-minute Forex chart has sold off 40 pips overnight. While the momentum down over the past 6 days favors the bears, there have been many strong legs up and down.
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