At the end of today US session EURJPY issued a close signal in form of a Bearish Divergent Bar.
This Dbar was the point of a profitable trade started by another Dbar - in this case Bullish, formed on 11 May.
The beginning of the trade was preceding by a loss trade, fired by taking a Bearish Fractal. During the strong Bull attack Stop Loss has been taken and a reversed Buy stop order has been fired.
Green lined (1-4) show the adding orders as follow: Entry
#1 - 1 lot at 161.75
#2 - 5 lots at 162.80
#3 - 3 lots at 163.20
#4 - 2 lots at 163.26
Stop loss fired at 163.45
Besides the Bearish Divergent Bar exit is supported by Double Tops formation on daily chart. There is seen there also a Bullish Fractal so a Buy Stop Order is placed above it and a Sell Stop order below the Dbar on 4 hours chart.This way the profit so far is locked and the door for a new move is opened...
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