DislikedOk bear with me folks, just trying putting this together. Here is a dbhlc on the FXDD daily. I put in a sell stop below the db. Not sure if i am too early to detect if this is the swing high or not. Small stop and tp as it is against the trend and i am only trading the possibility of a retracement.Ignored
It doesn't show as a Double High on my chart (different timezone/broker), but yes you could play it to the downside.
For:
Recent dollar bullishness, decent looking (possible) highest high in last 10 years.
Against:
There is no confluence, since it is up so high, so it is risky in an strong uptrend.
Enrty is quite close above 8800 - much safer to make it also break 8800.
The conservative Stop Loss would be above the Double High (at which point you could do a stop and reverse). Be careful that your Stop loss isn't too tight.
Good Luck with the trade,
Ian