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FX.co ★ EURJPY M5: Double Top

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Technical Analysis Patterns

25 March at 9:55 (UTC+0)
Signal strength 1 of 5

EURJPY M5: Double Top

Double TopThe Double Top reversal pattern has been formed on EURJPY M5. Characteristics: the upper boundary 162.63; the lower boundary 162.42; the width of the pattern is 21 points. Sell trades are better to be opened below the lower boundary 162.42 with a possible movements towards the 162.27 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 EURJPY