7pasos

Simple and nice double top

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
442 views
0
This is a no brainer double top , confirmed with the loss of momentum in the second top even when get a little bit higher the last top.
The profit could be taken at 89.84 but taking advantage that the price offer an excellent risk reward ratio, we place it at 90.32 to avoid problems with a little support formed early.

Comments

As I toldyou before the break even stop was placed and takes us before loosing in this trade.
Reply
Due there seems to be a triangle in formation, perhaps wont be bad idea, place the stop at break even.
Reply