EURJPY - SEPT 25 - DOUBLE TOP - SELL OPPORTUNITY

EUR pairs rallied after Draghi's speech on inflation but EURJPY failed to make higher high. The pair reached an intraday high of 133.07, failing to break the previous high of 133.13.

The pair formed a double top pattern in 1 hour chart. We can sell this pair around 132.60-70, SL at 133.10 and take profit as shown in the chart.
Conservative traders can sell at the break of the neckline.

Feel free to comment and leave a like!

Comment:

SL might have hit for those who followed this trade. However, I adjust my SL a bit, from 133.15 and it didn’t hit I’m still holding this trade as long as it doesn’t make any higher high than the daily candle last Friday.

Please follow at your own risk. :)

Comment:

Took awhile for the trade to play out in our favor, but it did! Now running 80 pips, close now, or move SL to breakeven! :)

Comment:

TP1 and TP2 hit!