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keon

AUDJPY: Double Top Pattern: Short Position

Australian Dollar / Japanese Yen (FX:AUDJPY)  
keon  
FX:AUDJPY   Australian Dollar / Japanese Yen
Chart Patterns Double Top or Bottom
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chartpattern doubletoporbottom
A friend of mine notice a double top formation in the currency pair AUDJPY. After taking a look, I confirmed that it is indeed a Double Top formation. I placed my short position @ 75.077, but I recommend you all to enter at the @ 74.808, because that's the proper way to trade the Double Top pattern.

Reference to Forex Chart Patterns:
www.forexboat.com/fo...hart-patterns-guide/
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