The
On the chart below, you can see the neckline and the two tops marked with the yellow lines. The cyan line marks my pending entry location (placed at 10% of the pattern’s height below the neckline). I will set my
I have built this chart using the ChannelPattern script. You can download my MetaTrader 4 chart template for this AUD/USD pattern. You can trade it using my free Chart Pattern Helper EA.
Update 2020-05-21: The double top pattern has been invalidated by the bullish breakout (looks like it will now form a rising wedge). I have now cancelled my pending order:
If you have any questions or comments regarding this double top on the AUD/USD chart, please feel free to submit them via the form below.