CD leg in process of forming out of a double top with bearish divergence. Wait to fill on my double top with retrace of double top to .618 for a potential 3 position trade.
Note
Another Cypher Forming with at entry level after double top adding another reason to short EUR/JPY. Taking 2 position, while taking 1 position off at .382 retracement of the cypher and 2nd position rolling stop to completion of D leg on first cypher. Will not take trade if it hit my entry level today. Will wait for market to reopen
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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.