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FX.co ★ USDCAD M5: Double Top

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Technical Analysis Patterns

2024-12-19T06:00:40
Signal strength 1 of 5

USDCAD M5: Double Top

Double TopThe Double Top pattern has been formed on USDCAD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.4428 is broken, the downward movement will continue.
The M5 and M15 time frames may have more false entry points.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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Other patterns by USDCAD