JesusDiaz
Short

EURJPY looks like a double top to me

FX:EURJPY   Euro Fx/Japanese Yen
122 4 0
**LT 175 Never moved my stop to BE**Some price action analysis. Momentum, price rejection, key level
Two long wick candles have revealed the intention of the bulls to fight for their position in this currency. Stops will are being moved to breakeven for protection in case of a bull insurgence. Free trade as of now
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JesusDiaz JesusDiaz
analysis done on daily timeframe
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shouldn't you enter a double top when you actually know its a top? like a neckline break? also, if your looking at potential double tops, i would look at the PA since the start of the year to the feb low.
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JesusDiaz Saoldric
You are right. It is safe to enter double tops at a neckline break. In this trade I am not necessarily playing the double top as much as I am playing bearish sentiment. The double top that I am looking at is in the date range of Feb.17 to Feb 28. Everything to the left of these dates is shown for the purpose of analyzing bearish market sentiment. Good observation.
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