Trade Forex Trading

What is the M Pattern in XAUUSD?

The M pattern in xauusd is a double tops chart pattern look like an M Shape, the best reversal xauusd signal is where the second top is lower than the first one as shown below, this means that the reversal xauusd signal can be confirmed by drawing a downward trend-line as illustrated below. If a trader opens a sell signal the stop loss will be placed just above this down ward trend-line.

What is the M Chart Pattern? - How to Analyze M Shapes in Charts

M Shaped Double Tops Chart Pattern - What is the M Chart Pattern in XAUUSD?