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FX.co ★ NZDJPY M5: Double Top

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Technical Analysis Patterns

25 March at 10:00 (UTC+0)
Signal strength 1 of 5

NZDJPY M5: Double Top

Double TopThe Double Top reversal pattern has been formed on NZDJPY M5. Characteristics: the upper boundary 86.17; the lower boundary 85.99; the width of the pattern is 18 points. Sell trades are better to be opened below the lower boundary 85.99 with a possible movements towards the 85.84 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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