GBPJPY possible double top(?)

17 lip 2017

This is a patented 2618 trade created by Akil Stokes + Jason Stapleton from TradeEmpowered. I give them all the credits to this strategy. Here we have a test of the 4hr high on GBPJPY. The blue line above is a daily line. If we get a touch but not a CLOSE above that previous high, we are still good to go for a double top in this chart. We must test the initial low (lower blue line) in order to consider loading up on shorts. The leg down to test it will be our fibonacci leg to draw out a 61.8% to enter short. Initial target is the newly created low (not created yet) and secondary targets at 1.127.