Double Top & 2618 on GBPJPY
Hey guys,
this is a pair i've been looking at for the last weeks, and it turned out to be a good setup. Now price managed to break and close below the double top's neckline and that gives and indication of its intention to go lower. As usual, when such cases happen i look for a 618 retracement and sell at market, in according with the 2618 strategy. Stops would go above the tops, target 1 at the retest of the lows, target 2 to be determined.
If you want to share your view or simply ask questions, feel free to comment below.
Otherwise, see you in the next chart!
this is a pair i've been looking at for the last weeks, and it turned out to be a good setup. Now price managed to break and close below the double top's neckline and that gives and indication of its intention to go lower. As usual, when such cases happen i look for a 618 retracement and sell at market, in according with the 2618 strategy. Stops would go above the tops, target 1 at the retest of the lows, target 2 to be determined.
If you want to share your view or simply ask questions, feel free to comment below.
Otherwise, see you in the next chart!
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