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jvaledon

EURCAD Short. Double Top Formed With Rejection Candle

Short
Euro / Canadian Dollar (FX:EURCAD)  
jvaledon  
FX:EURCAD   Euro / Canadian Dollar
Trend Analysis
1
0
trendanalysis
Pin bar rejection candle formed right below previous resistance. From experience, double tops (the reverse is true for double bottoms) where the second touch is lower than the first seem to drop harder and are more reliable than regular double tops. This would be the opposite for double bottoms.
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