Euro / Japanese YenShort
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
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