FahimLatif

USDJPY DOUBLE TOP

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
After breaking the bullish trend , I called a short on this pair, however, the currency pair shot up stopping me out. Currently, the pair has formed a double top and it looks like a bearish trend is being made due the formation of the most recent trendline. If the currency pair moves down, I will target 150 pips where we have our 61.8 fib level,. Will be risking 50 pips.

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