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The Secret Strategy of Trading DOUBLE BOTTOMS & DOUBLE TOPS in Forex | Must Watched! FX213



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The Secrets Strategy of Trading DOUBLE BOTTOMS & DOUBLE TOPS in Forex | Must Watched. Learn this strategy and you will be able to generate signals using double bottoms and double tops.
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Double Top and Double Bottom patterns are two of the most prevalent and popular reversal chart patterns.
These patterns consist of two price extremes located approximately on the same level.
The Double Top is a mirror image of the Double Bottom pattern:
The Double Top starts with a bullish trend, which turns into a sideways movement. The range then gets broken downwards and the price action reverses.
The Double Bottom starts with a bearish trend, which turns into a sideways movement. The range then breaks through the upper level and the price action reverses.
We need two things in order to confirm the pattern:
Neck Line – a manually added horizontal line on the bottom between the two tops (for a Double Top) or on the top between the two bottoms (for a Double Bottom)
Neck Line breakout – a candle closing beyond the Neck Line.
The trade signal occurs when the price action breaks the neck line:
Open a short trade if the pattern is Double Top.
Open a long trade if the pattern is Double Bottom.
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⚠️ NOT FINANCIAL ADVICE DISCLAIMER:
We have done our best to ensure that the information provided here and the resources available for download are accurate and provide valuable information. Regardless of anything to the contrary, nothing available on or through this Website should be understood as a recommendation that you should not consult with a financial professional to address your particular information. The Company expressly recommends that you seek advice from a professional. *None of this is meant to be construed as investment advice, it’s for entertainment purposes only. The video is accurate as of the posting date but may not be accurate in the future.Everyone learns at their own pace , nothing in forex is guaranteed and past profits do not guarantee future profits. I am in no way giving you financial advice and any money you lose is 100% at your own power. Enjoy the education!!
The Double Top/Bottom pattern has a fixed minimum potential. You can project the minimum target by applying the following:
Size of the Pattern – the distance between the Neck Line and the perpendicular line which connects the two tops/bottoms
Applying the Size as a Target – The potential of the pattern is equal to its size applied from the Neck Line.

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29 Comentários

  1. We are going deeper and deeper. Thanks brother for the effort and sacrifice. God bless you and your family.

  2. This is gambling I don't involve myself that you people just eat my 20k dollars just like that

  3. Always dropping good content. Much appreciated. I knew you gonna teach us about this topic. Keep up the good work!!

  4. You are the best thing that has ever happened to forex,and those trying to learn how to trade. I've watched more videos then I can count and read more then I can even remember,but you really understand how to break it down so beginners or even advised can understand.

    Your passion to teach and not to earn is felt in ever video. Your very good at what you do when it comes to trading,but your real calling is teaching. I'm so grateful I typed the right words in my search for knowledge to have found you.
    Those just passing by reading reviews,he is the real deal and does this for free!! Watch every video.!

  5. Clearly explained. Love the teachings. Tremendously helpful. Thanks boss. The best is yet to come

  6. Kindly do a video on how to do back testing. Sometimes its hard to make informed decision from our market analysis because we have already seen how the market went. Thank you

  7. the neckline sir are they formed before the second tops touch ……that i dont seem to understand

  8. what timeframe is best used to trade the double top pattern……….and can it be found daily on the chart…..or can just choose to switch and check on our favourite pairs

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