EUR/USD has formed a classical example of a double top pattern on its daily chart. It had started on about October 17 and had finished its development by November 5. The double top caps the corrective wave that had started back on October 1 inside a larger
The chart below shows the neckline and the two tops marked with the yellow lines. The cyan line marks my entry order, positioned at 10% of the pattern’s height below the neckline. I will place the
I have built this chart using the ChannelPattern script. You can download my MetaTrader 4 chart template for this EUR/USD pattern. You can trade it using my free Chart Pattern Helper EA.
Update 2019-11-07 10:59 GMT: The currency rate broke through the neckline and my entry level today at 2:39 GMT. The trade opened at 1.10619 with
Update 2019-11-21: A stray
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