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AndriyMoraru
May 6, 2018 4:36 PM

Double Top on CAD/JPY @ D1 Short

Canadian Dollar/Japanese YenFXCM

Description

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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