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Forex · chart pattern

Double top on EUR/USD

On EUR/USD the double top showed up 34 times. The target came first 38% of the time, the stop 56%, and 6% went nowhere within 12 candles.

Counted on EUR/USD: daily candles from January 2015 and hourly candles from September 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily2100%0%0%
Hourly3234%59%6%

EUR/USD against the rest

ChartsFoundTarget firstStop firstWent nowhere
EUR/USD3438%56%6%
All Forex charts33029%66%5%
Every market4,64138%55%7%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the double top is

Two peaks at the same height, then a break below the dip between them.

Imagine climbing a wall, slipping back, then reaching the same spot again before sliding down even further. A double top looks like the letter M: two peaks at the same height with a dip between them. When price falls below that dip, the M is complete.

The full double top lesson, video and quiz ›

Other patterns on EUR/USD

Inside bar · Stochastic bullish cross · Stochastic bearish cross · Spinning top · Doji · MACD bullish cross · MACD bearish cross · EMA 9/21 bearish cross · EMA 9/21 bullish cross · RSI overbought drop · all of them

The double top elsewhere

GBP/USD · EUR/JPY · USD/CHF · GBP/JPY · USD/JPY · NZD/USD · EUR/GBP · AUD/USD · Ethereum · Bitcoin

Questions

How often does the double top work on EUR/USD?

In 34 cases on EUR/USD, the target (1.5 × ATR) came before the stop (1 × ATR) 38% of the time and the stop came first 56%; 6% went nowhere within 12 candles.

What is the double top?

Two peaks at the same height, then a break below the dip between them.