XAUUSD H1 DOUBLE TOP REVERSAL PATTERN

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

XAUUSD Scalping M5 BUY & SELL

BUY

On December 28, 2020, around 08.00 am, I tried scalping because I saw an opportunity for prices to rise according to my scalping technical analysis,

I use the famous OctaFX ECN Broker for scalping entry, first entry in position 1888.78 and closed position at 1889.76 level and second OP at 1887.61 level of 0.04 Lot and Close Position at 1888.8 level..Alhamdulillah Profit Hits: 5.08 USD, and 0.98 USD ... Total Profit 6.02 USD, the reason I quickly left the market because it was still early to open positions, just saw an opportunity for scalping ...

At the time of this post, a XAU position was created at a High position at the level of 1896.57 and a Low position at the level of 1881.43 ... Greetings for profit to all traders

SELL 

Taking advantage of the XAUUSD reversal opportunity, I tried to open a sell position at the level of 1897.29 and close at the position of 1896.01..

  Hits Profit 6.15 USD

Thanks to Allah......🙏🙏🙏