This double top on the daily chart of CAD/JPY provides a shorting setup in case of a downward breakout. The pattern's tops and its "neckline" are marked with the yellow lines. My potential entry level is at the cyan line. My potential take-profit level is marked with the green line. Stop-loss is to be set to the high of the breakout bar (not shown on the chart).
Trade active:
Entered today at 8:00 UTC with entry at 84.116, SL=84.999 and TP=82.779.
Trade closed: stop reached:
Stop-loss reached today at 11:27 UTC.
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