KaltoireCapital

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

Short
OANDA:EURJPY   Euro / Japanese Yen
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.
Order cancelled:
Price broke through the resistance, order cancelled
Trade active:
Price back in resistance level, sold@165 as per plan
Comment:
22 Pips running profit
Comment:
45 Pips profit
Comment:
Price has consolidated below the resistance, it could fall more
Comment:
63 pips profit so far
Comment:
EURJPY went as low as 163.89 which translates to 111 pips profit
Comment:
Currently around 190 Pips profit from the sell at 165
Comment:
255 Pips and counting for those who sold with me@165, current price 162.45
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