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GGfx
Nov 1, 2016 4:49 AM

EURJPY Double Top Short

Euro Fx/Japanese YenFXCM

Description

Looks like a double top formed right at a structure line. If the market breaks the neckline, this could be the sign of a downward movement. To play it save, you can wait for a retracement back into the structure line and then see if the break lower occurs. I'll also keep my eye on the RSI. Would take profits around the .618 retracement of previous upswing.
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