The double top formation on the daily chart of AUD/JPY offers a trading opportunity to enter a short trade following a reversal from an uptrend. The pattern's tops its "neckline" are marked with the yellow lines. My potential entry level is at the cyan line. My potential take-profit level is marked with the green line. Stop-loss is to be set to the high of the breakout bar (not shown on the chart).
Trade ist aktiv:
Short entry triggered yesterday at 23:09 UTC @ 87.016, SL=87.957, TP=85.326.
Trade geschlossen: Ziel wurde erreicht:
Take-profit reached at 1:56 UTC today.
You can find a lot of detail about my trading ideas in my blog - https://www.earnforex.com/blog/. You will also find useful tools to find, build, and trade similar patterns - all completely free.