Daily FX Training | Learn Forex with the Dynamic Traders

Dynamic Trader Blog - Forex Chart Pattern Signals

Monday, January 25, 2010

Double Top

Good Evening Dynamic Traders,

Hope you all had a good weekend.

Tonight's chart for discussion is the Swissy. I got stopped out of this pair a while back when it started to do a pullback to the upside. Price has since tested the 1.0500 area twice and is showing signs of retreating again potentially creating a double top (in a downtrend) if price continues down. The chart highlights further confluences which the SM will have ideintified.














Good Trading!
Bijal Shah

Labels: