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Forex · chart pattern

Double top on USD/CHF

On USD/CHF the double top showed up 30 times. The target came first 13% of the time, the stop 77%, and 10% went nowhere within 12 candles.

Counted on USD/CHF: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily333%67%0%
Hourly2711%78%11%

USD/CHF against the rest

ChartsFoundTarget firstStop firstWent nowhere
USD/CHF3013%77%10%
All Forex charts33029%66%5%
Every market4,64138%55%7%

Year by year

YearFoundTarget firstStop first
2024425%75%
2025100%80%
20261315%77%

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 USD/CHF

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Doji · MACD bearish cross · MACD bullish 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 · EUR/USD · GBP/JPY · USD/JPY · NZD/USD · EUR/GBP · AUD/USD · Ethereum · Bitcoin

Questions

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

In 30 cases on USD/CHF, the target (1.5 × ATR) came before the stop (1 × ATR) 13% of the time and the stop came first 77%; 10% went nowhere within 12 candles.

What is the double top?

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