AUDJPY - Double Top Formation
AUDJPY failed to break the level it's sitting on on a previous occasion and is now making a double top formation. Then there's the uptrend touch. It will be confirmed if and when the Sell Entry level is broken and the trendline as well, meaning that's my cue to go short. Target is the Swing low of the impulsive move leading to the first top.
Just an idea, not a signal. Compare it with yours and leave a comment, letting me know what you think.
Just an idea, not a signal. Compare it with yours and leave a comment, letting me know what you think.
Note
A break of the red area, we'll see a push further to the upside.Order cancelled
Sell Stop cancelled.
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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.