FullTimeTrader
Short

EURJPY-bouncing from trendline and double top

FX:EURJPY   Euro / Japanese Yen
544 views
11
544 8
PD . i chose the inverse entry tool for SL and TP but the idea is clear
*********************************************************

After a bullish correction the price formed a double top .
Then began a bearish move breaking the trendline
Now has rejected from the base of the double top and the trendline .

We have alson a 55 EMA acting as resistance.
The fact the price closed below the important psycho level 1.3000 level gives me another confirmation to take a short.

Regards.
Very similar scenario to what I have
lets roll
Reply
FullTimeTrader aymankkhlifat
Hello, from my point of view that trendline has been already invalidated..........
Reply
aymankkhlifat FullTimeTrader
Good Luck!
Reply
Caution for the upside down enry recomendation.. Its missplaced.
Reply
Indeed, I took the retracement entry.
See you at the lowest high level soon.
Your target is completely achievable.
Reply
good one bro , i think u mean to draw that short position with sl an targets
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Pine Wizards Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out