Double Top Patterns are very common across the Forex and can be seen on all time frames as the market transitions from an Uptrend to a Downtrend. They tend to lead to fast and aggressive market movements and can provide traders with quick trading gains. However, because of this possibility of quick gains, traders can be easily tempted to enter the market too early. In order to successfully trade them, we must understand their structure and the common trap associated with them to avoid being Stopped Out when the market reverses sharply!
The Video Analysis below provides you with details of this common Japanese Candlestick Market Pattern and shows a practical example from the GBP USD that was traded last week, as its 4 Hour Chart transitioned from an Uptrend to a Downtrend.
VIDEO ANALYSIS OF DOUBLE TOP PATTERNS
As usual, if you have any questions about the analysis, the GBP USD trade or want to subscribe to my Mentoring Service (see below), you can let me know.
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