Learn Forex: Double Bottom Entry with Stop and Limit Set In Conclusion The Double Bottom formation is a great opportunity to trade during range bound environments that have low levels of volatility. Nov 09, 2018  rex Crunch is a site all about the foreign exchange market, which consists of news, opinions, daily and weekly forex analysis, technical analysis, tutorials, basics of the forex market, forex software posts, insights about the forex industry and whatever is related to Forex. A double top or bottom is a trend reversal pattern, formed when the price tries to move through a specific price area twice, but can't.

• A Figure Double Bottom Forex Chart

A Figure Double Bottom Forex Chart

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Hello guys, This topic doesn't have anything to teach anyone how double top or double bottom is misunderstood. But in my experience (which is very meager), I'm often hurt by the double top or double bottom. I just don't trust anymore this formations. When a trend is followed, say a currency is in pretty uptrend and a double bottom forms, I used to believe that as a trend reversal.

I don't do that anymore. Certainly double top or double bottom has it's importance.

But it's not worthy to watch on it own alone. Any other indications must be the primary reason to enter a short or long trade. This 'M' or 'W' formation can be an added value.

I regularly started ignoring double top or double bottom if any other indications looks much more promising and I've had good results too. Just wanted to know how many are there thinking the same or I'm going wrong. What's your POV? Right thoughts: in forex you can not just drop some indies on your chart, print a list of chart patterns or use some signal service - it all should be used in complex. Here is a piece of advise: don't try to create your system (do't wanna be misunderstood: as you're a newbie just strat with some already existing system here at FF and test it for at least 1-2 months - you cant create your own considering lack of experience. Well of course you can the question is will it bring you pips) and pay more attention to S/R lines (support/resistance) doesnt matter what exactly (pivots, fibonacci or simple) they're of the utmost importance cause that's where price stops. Hello guys, This topic doesn't have anything to teach anyone how double top or double bottom is misunderstood.