Tuesday, June 3, 2014

More price action: Double top for USD/JPY

My set up for scalping is purely price action, with a focus on the M5 charts. There is too much noise for M1 and M15 requires a slightly longer holding period. 


A double top formation can be seen for this pair. The two tops can be used as a reference for resistance where the price does not have enough buyers for it to breach. 

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