Hi, new to forex, is this a double top ?
Yes - bang on double top 
Hi Johnny thank you for your help!
It has shown rejection at exactly the same level twice - they aren’t always as perfectly bang on like this though!
I didn’t really know for sure, as few candles was in the zone too! it’s t’s my first trade on demo account, I checked to see if it was at resistance first so best to sell at the neck line?
Thanks again
Sorry to be vague but I’m not really a big fan of technical analysis but it could bounce off your MA and upward trend line and head north again and try to break the resistance. This is why I think tech analysis can send mixed messages and different interpretations. Don’t rush see what happens then follow the flow.
I’m sure many technical analysists would have different ideas but anything can happen.
1 Like
Okay thank you for your advice.
It has the characteristics of a double top. So probably price will behave with the characteristics of the way price behaves after a double top. That’s about as good as anyone can say. Probably about as good as anyone needs to design a trade.
But what about the multiple long trades? Did you get them? Are you still long? Do you have a buy order pending?
Yes, and you could have opened a selling order three candles ago.
Hi Steve, thank you for the advice!
Yeah it is indeed a double top
Thank you!