Double Top Forming CAD/JPY 178 pip Target... Sell
Setup: Sell trade 178 pip target if price action goes below the dotted line on the chart enter the trade below the dotted line when/if price goes there....You could enter a sell trade now but it would be risky in case there is a reversal... plus 178 pips would be enough if price goes below the double top dotted line.... wait for it. Here is a setup for a 40 pip target on a rising wedge on CAD/JPY
Tips on Trading Double tops and Double Bottoms http://www.informedtrades.com/2916-double-bottom-double-top-trading-strategies.html
Please follow my charts at this link by clicking on the follow tab https://www.tradingview.com/u/exploration/#followers Thank You. I accept tip money ( tip jar) on my fathomex.blogspot.com with google wallet Thank you for your support.
Tips on Trading Double tops and Double Bottoms http://www.informedtrades.com/2916-double-bottom-double-top-trading-strategies.html
Please follow my charts at this link by clicking on the follow tab https://www.tradingview.com/u/exploration/#followers Thank You. I accept tip money ( tip jar) on my fathomex.blogspot.com with google wallet Thank you for your support.
exploration
No loss or gain..price never hit the entry for a trade
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exploration
This setup: zero break out
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exploration
Price action is getting closer to a probable breakout of the Double Top...price on the one hour chart RSI may go up before returning towards the dotted line for a break out.
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