Ok, I think we can rule out the ascending triangle and consolidation for now, which leaves the double top as the most likely scenario. Wondering how low it's going to fall. Currently the 38,2% ret of 1.3262 and 1.3436 (at 1.3369), which coincides with the support at 1.3367-72 seem to hold. There's also an ascending trendline in the area formed by 1.3262 and 1.3278 lows. Is it going up from here? Or is it breaking further down to 50% fib (1.3349), 61,8% (1.3328) or all the way to 1.3260 and lower?
My last trade was stopped at 1.3377 (-23 pips). Before that though I modified the pending sell order, which is now at 1.3340 (9 below the 50% fib (1.3349))
The risk is 61,8% on the way down, but that's the only thing to hold it really, so I'm willing to take it.
