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FX.co ★ GBPUSD M5: Double Top

GBPUSD M5: Double Top

Double TopOn the chart of GBPUSD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.2680; the lower boundary 1.2660; the width of the pattern 20 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.2645 level.
The M5 and M15 time frames may have more false entry points.
*L'analyse de marché présentée est de nature informative et n'est pas une incitation à effectuer une transaction
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