The M5 and M15 time frames may have more false entry points.
FX.co ★ USDJPY M5: Double Top
Signal strength 1 of 5
USDJPY M5: Double Top
The Double Top reversal pattern has been formed on USDJPY M5. Characteristics: the upper boundary 156.96; the lower boundary 156.85; the width of the pattern is 11 points. Sell trades are better to be opened below the lower boundary 156.85 with a possible movements towards the 156.70 level.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade