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Coinpedia-Market-Insight

Double top in EURAUD

Euro / Australian Dollar (OANDA:EURAUD)  
Coinpedia-Market-Insight  
OANDA:EURAUD   Euro / Australian Dollar
Trend Analysis Chart Patterns Double Top or Bottom forexsignals forextrading forexanalysis EURAUD EUR Contains image
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trendanalysis chartpattern doubletoporbottom forexsignals forextrading forexanalysis euraud eur containsimage
* EURAUD in 4H time frame forms a Double top pattern which is a trend reversal pattern occurs during the uptrend.
* It appears with two peaks at the top and with a neckline as it's support. The double top is said to be completed once it breaks it's neckline.
* If EURAUD breaks it's neckline near 1.59400 we can expect a drop till 1.57900
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