This double top pattern has formed on the 4-hour chart of EUR/USD, suggesting a potential bearish breakout. The two tops are marked with the upper yellow line; the neckline is marked with the lower yellow line. My potential entry level is at the cyan line. My potential take-profit level is at the green line. A stop-loss can be set to the high of the breakout candle (not shown on the chart).
Order cancelled:
Pending order cancelled due to the pattern invalidation.
You can find useful tools to detect, build, and trade chart patterns - all completely free on www.earnforex.com.