The double top pattern on the daily chart of GBP/JPY offers a bearish breakout trading opportunity. The tops and the neckline are marked with the yellow lines. My potential entry level is at the cyan line. My potential take-profit level is marked with the green line. Stop-loss is to be set to the high of the breakout bar (not shown on the chart).
Order cancelled:
Entry setup cancelled today due to pattern not being valid anymore.
You can find useful tools to detect, build, and trade chart patterns - all completely free on www.earnforex.com.