Potential double top in EUR/JPY, sell if the resistance holds
Updated
Hello traders, I am observing the 4H chart in EUR/JPY and I have noticed a potential
sell opportunity. This could be a potential double top on the 4H chart.
So, if the resistance zone holds, traders can consider selling EURJPY@164.88-165
with TP at 163.65 Note that, the sell condition will be valid only if the resistance
zone highlighted in the chart remains unbroken.
sell opportunity. This could be a potential double top on the 4H chart.
So, if the resistance zone holds, traders can consider selling EURJPY@164.88-165
with TP at 163.65 Note that, the sell condition will be valid only if the resistance
zone highlighted in the chart remains unbroken.
Order cancelled
Price broke through the resistance, order cancelledTrade active
Price back in resistance level, sold@165 as per planNote
22 Pips running profitNote
45 Pips profitNote
Price has consolidated below the resistance, it could fall moreNote
63 pips profit so farNote
EURJPY went as low as 163.89 which translates to 111 pips profitNote
Currently around 190 Pips profit from the sell at 165Note
255 Pips and counting for those who sold with me@165, current price 162.45
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