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Double Top Pattern // 10 April 2011

Double Tops are an important part of any Forex Trading Strategy as they can provide an early indication that the current trend is changing direction from an uptrend to a downtrend. A typical double top starts with a prolonged rise in price for a currency, followed by a drop and then another rise to about the same level as the original rise. Finally, we see another substantial drop off from the second high. The double top pattern should eventually emulate the letter "M". Read more >>

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