Markets › GBP/USD › Double top
Forex · chart pattern
Double top on GBP/USD
On GBP/USD the double top showed up 24 times. The target came first 25% of the time, the stop 71%, and 4% went nowhere within 12 candles.
Counted on GBP/USD: daily candles from January 2015 and hourly candles from September 2024.
By timeframe
| Timeframe | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Daily | 5 | 40% | 60% | 0% |
| Hourly | 19 | 21% | 74% | 5% |
GBP/USD against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| GBP/USD | 24 | 25% | 71% | 4% |
| All Forex charts | 330 | 29% | 66% | 5% |
| Every market | 4,641 | 38% | 55% | 7% |
Year by year
| Year | Found | Target first | Stop first |
|---|---|---|---|
| 2019 | 3 | 33% | 67% |
| 2024 | 3 | 0% | 100% |
| 2025 | 8 | 12% | 75% |
| 2026 | 8 | 38% | 62% |
The last 8 times
- 22 Sep 2026, 01:00 UTC · hourly · stop first after 1 candle
- 21 Sep 2026, 23:00 UTC · hourly · stop first after 4 candles
- 21 Sep 2026, 19:00 UTC · hourly · stop first after 8 candles
- 7 Sep 2026, 01:00 UTC · hourly · stop first after 5 candles
- 23 Jul 2026, 11:00 UTC · hourly · target first after 1 candle
- 20 Jul 2026, 15:00 UTC · hourly · stop first after 2 candles
- 27 May 2026, 23:00 UTC · hourly · target first after 4 candles
- 16 Feb 2026, 15:00 UTC · hourly · target first after 10 candles
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 GBP/USD
Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Doji · MACD bullish cross · MACD bearish cross · EMA 9/21 bearish cross · EMA 9/21 bullish cross · RSI oversold bounce · all of them
The double top elsewhere
EUR/JPY · EUR/USD · USD/CHF · GBP/JPY · USD/JPY · NZD/USD · EUR/GBP · AUD/USD · Ethereum · Bitcoin
Questions
How often does the double top work on GBP/USD?
In 24 cases on GBP/USD, the target (1.5 × ATR) came before the stop (1 × ATR) 25% of the time and the stop came first 71%; 4% went nowhere within 12 candles.
What is the double top?
Two peaks at the same height, then a break below the dip between them.