Double Top on CAD/JPY @ D1
This double top pattern on the daily chart of CAD/JPY presents a potential for a downside breakout short trade. The pattern's two tops and its neckline are marked with the yellow lines. My potential entry level is the cyan line. My potential take-profit level is marked with the green line. The stop-loss that I will use will be the high of the breakout bar (not shown).
Trade active
Short position entered today @ 85.341 at 5:55 UTC. SL=86.384, TP=82.855.Trade closed: stop reached
Stop-loss reached yesterday at 16:59 UTC.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
You can find useful tools to detect, build, and trade chart patterns - all completely free on earnforex.com.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.