EURJPY Double Top before the Cypher
Although we have a Bearish Cypher pattern resting right above this level, the double top on this pair still looks to be a very good shorting opportunity. A single ATR stop should get you above the structure level looking left so there's very little risk in this one when compared to the potential reward.
I wouldn't expect a full blown reversal, looking at the daily, but after double bottoming (on the daily) we have rallied (in a single day) all the way up to previous structure so I would expect some relief, a little give back, a little profit in our pockets hopefully. ;-)
Akil
I wouldn't expect a full blown reversal, looking at the daily, but after double bottoming (on the daily) we have rallied (in a single day) all the way up to previous structure so I would expect some relief, a little give back, a little profit in our pockets hopefully. ;-)
Akil
"The Trading Coach Podcast" - Available on your favorite podcasting app!
anchor.fm/thetradingcoachpodcast
TRADING UNMASKED 4-Day Online Trading Workshop
REGISTER TODAY - tieronetrading.com/
anchor.fm/thetradingcoachpodcast
TRADING UNMASKED 4-Day Online Trading Workshop
REGISTER TODAY - tieronetrading.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.