Clearly shown above is the V and U shaped double top indicating a a bearish reversal to the downside. On the 3hours time frame the price chart od EURUSD has been spotted forming a bearish reversal chart pattern called the double top(ADAM&EVE TOP). The two peaks are very important when trying to calculate the take price level to the downside. This pattern is only valid when price closes below the valley of the two peaks.
Traders need to keep an eye on potential continuation to the downside.
Breakdown levels: $1.10575
Support 1: $1.10442
Support 2: $1.10206
Support 3: $1.09923
Good luck to everyone! Click the follow button to stay tuned for more trading ideas! Like the idea? Hit the like button!
Ideas published should not be referred to as an investment advice and happy new months guy.
Traders need to keep an eye on potential continuation to the downside.
Breakdown levels: $1.10575
Support 1: $1.10442
Support 2: $1.10206
Support 3: $1.09923
Good luck to everyone! Click the follow button to stay tuned for more trading ideas! Like the idea? Hit the like button!
Ideas published should not be referred to as an investment advice and happy new months guy.