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Hello Forex Fans,

Im noticing a double top on EU.  My charts say one way, but my gut tells me another, so Im gonna straddle this puppy.

The 100 fib line is right around 1.3785.  Im going to put in a buy limit order to fill me at 10 pips above that number.

The low so far today has been 1.3730.  Im  going to put in a sell limit order to fill me at 10 pips below that number.

Why am I doing a straddle?  My MA’s are all up, but there’s also a double top on the one hour chart.  EU also seems to have run out of steam at this point, after reaching the 100 fib line.

So here it is:

Limit order to buy at 1.3795.  20 pip TP and 35 pip SL

Limit order to sell at 1.3720.  20 pip TP and 35 pip SL

Good Luck!

Humpty

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