We have a fibonacci inversion
trade setup currently at market right now on Eur/Jpy
. The best thing about this current trade is the double top
that price action
has put in at the 1.618 fib ext. Normally when i trade this I place my stops above the 2.130 fib ext. Since a double top
has been put in, it has allowed me to drastically reduce my risk. Now I have an even better Risk to reward profile.