Too early to tell at this stage, yet a neat set-up when viewed on the Daily chart .

I opened a short trade under yesterday’s low – A bear engulfing candle if we hold these levels into the day close. My first target would be the 38,2% 131.85 area  which happens to be at the neckline if this were to be a Bona fide double top.

 

EURJPY Daily

 

Horatio Dubsly

Collects more scalps than Crazy Horse and newly crowned Bitcoin & Dow top calling master.
Philosophy: "Trading rules.....it most certainly does"

Read how Horatio got into trading here
Horatio Dubsly

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