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EurJpy Sell Now 185.350 - 185.550
SL 185.850
TP 185.150
TP 184.850
TP 184.350
DOUBLE TOP WITH ENTRY TYPES.
A double top pattern formation is an extremely bearish technical reversal pattern that forms after an asset or market reaches a high price two consecutive times with a moderate decline between the two highs.
It is confirmed once the asset's price falls below a support level equal to the low between the two prior highs.
Traders can choose to trade this formation base on preferences, but the safest entry is the break of neck level and the retest level. This is important to avoid any unnecessary pattern failures.
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