When stocks/etfs break out over a double top they are generally good options to purchase, as we can see clearly was the case last week when FXB broke over the "double top" area of $154. In fact I did that exact same trade over and over (and over) on the S&P 500 in summer 2009 through early 2010 as we had double top breakout after double top breakout. Missed the signal to get back into this one however.
This is the "now" chart
So much for the cheap European vacations....
No position
