The M5 and M15 time frames may have more false entry points.
FX.co ★ USDJPY M15: Double Top
Signal strength 2 of 5
USDJPY M15: Double Top
On the chart of USDJPY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 104.37; the lower boundary 104.27; the width of the pattern 10 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 104.04 level.