USDJPY 2 Tea Cups & Possible Double Top
I'm active in the teacups if it closes above resistance I'll be closing these trades out. I'll take the 618 retracement as well if it doesn't though.
Moving Averages are a good distance apart as well.
E1: 111.48
E2: 111.598
SL: 30
TP: currently 50
if resistance holds and it goes down to the 618 as stated above I'll be adjusting TPs to at least the 0% fib.
I'm active in the teacups if it closes above resistance I'll be closing these trades out. I'll take the 618 retracement as well if it doesn't though.
Moving Averages are a good distance apart as well.
E1: 111.48
E2: 111.598
SL: 30
TP: currently 50
if resistance holds and it goes down to the 618 as stated above I'll be adjusting TPs to at least the 0% fib.
Trade active
Trade closed: stop reached:
Closed 2nd trade after 1st hit SL
Comment:
A better picture of why i shouldn't have taken that trade. The updated code is taking out a lot of unlikely to profit teacups.
