USDJPY: Double Top

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Short

U.S. Dollar/Japanese Yen (FX:USDJPY)

FX:USDJPY U.S. Dollar/Japanese Yen

*Update:Full Target hit
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A quick short here around the neckline for the double top pattern.

Good Luck
Technician
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jangseohee

Always thanks for your input

Technician

Y'r welcome, i just want to overlap my long term and your intraday to see whether there is any confluence for me to pile on :-)

Technician

Please correct me if i drawn the channel incorrectly :-)

jangseohee

This is an old chart

Technician

yup both are old chart, which is why i extend/extrapolate the channel further for future reference

Technician

if it does retrace down to 116.. the daily and your 4hr chart have confluence :-)

join @119.18, good luck guys, tnx Technician!

Nice entry, now we need the follow through:)

Is that it?
Your justification for this trade is .... that?

I'm curious on why the double top wasn't played at, say, 119.40. We could still see it lower but this is a centrally planned market with the BTFD mentality. We'll probably see 120 today or tomorrow

Eur/Jpy Short Sell

Due to my small account, booked my profit @118.2
Thanks once again Technician.

offf, finally some profits. Target one

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