EUR/JPY – double top in place

Pro Act

EUR/JPY – double top in place

By Pro Act Traders — Author

Bearish: Yesterday we looked for the bounce up and we got it. Today we are looking to start the journey down. We are currently @ 165.00 after putting in a double top with divergence in play. We are looking to break slope support and continue to the ATR target @ 164.09 with a further 1.618 Fibo target @ 163.75 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 121 pips per day and it’s 90 day average is 125 pips per day. USDX is starting up.

Posted to Introduction to Forex Targe… on Mar 21, 2024 — 8:03 AM

Check out what my VIP members get

Recent free content from Pro Act Traders

EUR/JPY – Bearish signals emerge — 12/03/24
EUR/NZD – hard bounce — 12/02/24
GBP/USD – Targets the range top — 11/21/24
NZD/JPY – Showing bearish signs — 11/20/24
GBP/USD – Falling Wedge Breakout — 11/19/24

You can also use Ctrl+Enter to post

Comments ({[comments.length]})

Sort By:

Loading Comments

No comments. Break the ice and be the first!

Error loading comments Click here to retry

No comments found matching this filter

{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member

{[comment.date_posted|date_format]} ● {[comment.date_posted|date_ago]} ● Edited ● Edit Comment ● Delete Comment

Want to add a comment? Take me to the new comment box!

By jennifer santiago — 3 years ago

I feel I picked the right trading company.

By rakeshnarwal — 3 years ago

See All Reviews →

Pro Act