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AngelaFTrading
Sep 24, 2018 5:15 PM

EURJPY - SEPT 25 - DOUBLE TOP - SELL OPPORTUNITY Short

FOREXCOM:EURJPY60
Euro / Japanese YenFOREX.com

Description

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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

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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

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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

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TP1 and TP2 hit!
Chart Patterns
Comments
anyoneg
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see is really bad ...
anyoneg
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still hold ? it's touch 1H 90MA but still struggle
AngelaFTrading
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@anyoneg, hello, i closed in small profit when the price touched 132.52. sorry for the late update. but i have re-entered at 132.85. SL is the same.
AngelaFTrading
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@anyoneg, hope you got in on the sell :)
anyoneg
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Still hard to down ... Need to manually close ?
AngelaFTrading
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@anyoneg, hello, im still holding my position on this. as long as the trade is not messing your risk management, you can still hold. :)
anyoneg
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@gelabeans, thx but seem very bull
AngelaFTrading
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@anyoneg, sorry for that, will try to make up for it in the other trades! :)
View4U
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Limit order at 134.500, the CCI needs to get above 150, again !
hoddimar
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I might be mistaken but isn't there a bull flag on the D1?
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