USD/JPY 15-minute chart: Double Top
A double top on the USD/JPY 15-minute chart, bearish. The video shows how to spot it, where to enter and where the stop and target go.
- Pattern: Double Top (bearish)
- Entry 158.22700, stop 158.52400, target 157.98200
Full transcript
The dollar against the yen is caught between two possible paths.
October 14, on the 15 minute chart, the dollar yen confirmed a double top today.
A double top is price rejected twice from the same area.
The low between those rejections is the neckline.
The neckline is 158.247, and confirmation came only on a close below it.
From here, two levels decide what stays valid: the measured target at 157.982 and invalidation at 158.524.
The pattern is still open, and neither level has been hit yet.
A close beyond 158.524 would cancel it.
A pattern never guarantees its target, and the same shape fails just as often.
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AI-voiced; written and reviewed by the Borearis Research Team. For education only, not investment advice. Trading involves risk.