Potential double top in EUR/JPY, sell if the resistance holds

9 avr.

Hello traders, I am observing the 4H chart in EUR/JPY and I have noticed a potential
sell opportunity. This could be a potential double top on the 4H chart.

So, if the resistance zone holds, traders can consider selling EURJPY@164.88-165
with TP at 163.65 Note that, the sell condition will be valid only if the resistance
zone highlighted in the chart remains unbroken.

9 avr.

Ordre annulé

Price broke through the resistance, order cancelled

9 avr.

Transaction en cours

Price back in resistance level, sold@165 as per plan

9 avr.

Note

22 Pips running profit

9 avr.

Note

45 Pips profit

10 avr.

Note

Price has consolidated below the resistance, it could fall more

10 avr.

Note

63 pips profit so far

10 avr.

Note

EURJPY went as low as 163.89 which translates to 111 pips profit

12 avr.

Note

Currently around 190 Pips profit from the sell at 165

12 avr.

Note

255 Pips and counting for those who sold with me@165, current price 162.45