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AndriyMoraru

Double Top on AUD/JPY @ D1

Short
Australian Dollar / Japanese Yen (FX:AUDJPY)  
AndriyMoraru Updated   
FX:AUDJPY   Australian Dollar / Japanese Yen
Double Top or Bottom breakout Double Top patterntrading
5
0
doubletoporbottom breakout doubletop patterntrading
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 active:
Short entry triggered yesterday at 23:09 UTC @ 87.016, SL=87.957, TP=85.326.
Trade closed: target reached:
Take-profit reached at 1:56 UTC today.
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