If the price bounces off of that level again, then you have a DOUBLE top! In the chart above you can see that two peaks or “tops” were formed after a strong move up. Notice how the second top was not able to break the high of the first top. This is a strong sign that a rev...
Re: FREE Double Top/Bottom Indicator - Very Good Edge Hello Traders, in the following screenshot you can see a bearish MACD Divergence on AUDCHF H4: When we see such a divergence on H4 then we hope to see a double top at the highest high of the upward move: Or a double top...
This EA and Forex technique has developed the name “ Double in a Day ” because its uncanny ability to double trading accounts in one forex trade (there are lots of examples of this on the website). It has the ability to automatically add additional lots to a successful tradeon a risk-...
In our opinion, the following forex trading positions are justified - summary: EUR/USD: none GBP/USD: short (stop-loss order: 1.6855) USD/JPY: none USD/CAD: none USD/CHF: none AUD/USD: none EUR/USD Looking at weekly chart, we see that EUR/USD bouced off the lower border of th...
DT (Double Top) Classic chart pattern pointing to potential moves to lower price level. Detail description of the pattern can be foundhere.
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A mirror image of the setup is the Double Top Pullback, which includes the formation of a Double Top in an uptrend, followed by a pullback, testing the area slightly below the double top high. The Double Top Pullback is a setup to go short. ...
ForEx GLD +1.04% Gold Price Forecast – Gold Markets Challenging a Double Top November 28, 2023 — 09:20 am ESTWritten by Christopher Lewis for FX Empire -> FXEmpire.com - Gold Price Predictions Video for 29.11.23 Gold Market Technical Analysis Gold markets rallied again early on Tuesday,...
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In this lesson we will look at exactly how to find the double top and double bottom and how you can use it to find trades. Anatomy of a Double Top The double top and double bottom are a reversal pattern. When we are using theseprice action patternswe are looking to trade either back...