I have blown up the 2nd touch of the double top on the daily (above). Interestingly it shows another double top formed inside of that touch. A break of 214.85 would imply a target of 199.50 for this intraday double top.
The daily double top needs to break 160.80 and a break there would imply a target of $94. Is this outrageous or what? Is there anyone out there who's not super bullish on MasterCard, and for good reason. It has been an absolute bulldog in this market.
I am intending to get short 1 unit on a break below $214.50 and I will place my stop at $222.60 if I get a filled.
Good speculating to you all.
Long 6 units Currencyshares Japanese Yen ticker FXY @ $88.55 stop at $91.40
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