USDJPY Double Top Formation and Trading Strategy
USDJPY has exhibited a clear double top formation on its 4-hour chart, breaking below the neckline and confirming the pattern's establishment.
This movement undeniably signals a bearish outlook.
Investors are advised to enter at the current price, setting a stop loss at the peak of the double top.
For profit-taking, it's recommended to utilize the Fibonacci Retracement levels, targeting the 2.0, which is at 143.292.
This movement undeniably signals a bearish outlook.
Investors are advised to enter at the current price, setting a stop loss at the peak of the double top.
For profit-taking, it's recommended to utilize the Fibonacci Retracement levels, targeting the 2.0, which is at 143.292.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.