This double top pattern on the 4-hour chart of EUR/AUD presents a bearish breakout trading opportunity. Both tops and the neckline are marked with the yellow lines. The potential entry level is at the cyan line. The potential take-profit level is at the green line. Stop-loss can be set to the high of the breakout candle (not shown on the chart).
Order cancelled:
Trade setup cancelled as the double top pattern is no longer valid.
You can find useful tools to detect, build, and trade chart patterns - all completely free on www.earnforex.com.