What is a Double Top Pattern? is a price reversal pattern that forms after an asset has hit two consecutive highs with a moderate fall between two highs. This is confirmed after the asset price drops below the support level which is the same as the low between the two previous highs, the position can be parallel between the candle high or not parallel, I will try the sell entry pattern on this pattern, whether it works perfectly or not, remember that forex we talk about technical patterns about the possibility, this pattern is a pattern used by traders to take the opportunity to sell entry in the market.
I will try to sell entry in the conditions of this pattern, whether it works perfectly or not
OP SELL at 1895.72 and Close at 1893.15, Hits Profit: 12.85 USD,
The reason I closed the position is because the candle rejects in the 61.8 Fibo area
No comments:
Post a Comment