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FX.co ★ USDCAD M5: Double Top

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Technical Analysis Patterns

2024-10-28T00:50:41
Signal strength 1 of 5

USDCAD M5: Double Top

Double TopOn the chart of USDCAD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.3896; the lower boundary 1.3892; the width of the pattern 4 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.3877 level.
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