Double Top Spotted on GBPJPY with Bearish Divergence....
Double Top Spotted on GBPJPY with Bearish Divergence....
Bearish divergence spotted with double top. First LH & LL are formed, I can see a retracement on fib 0.5 level which creates the second LH.
Will place a sell stop order under the LL to be on safe side.
Sell Stop: 188.170
Stop Loss: 189.872
TP1: 186.510
TP2: 184.807
Bearish divergence spotted with double top. First LH & LL are formed, I can see a retracement on fib 0.5 level which creates the second LH.
Will place a sell stop order under the LL to be on safe side.
Sell Stop: 188.170
Stop Loss: 189.872
TP1: 186.510
TP2: 184.807
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.