How to Trade Upward XAUUSD Trend Line Reversal Signals Combined with Double Tops Reversal Chart Patterns Setups
Upward XAUUSD Trend Reversal XAUUSD Signals and Double Tops Reversal Chart Patterns XAUUSD Strategy
Up XAUUSD Trend Reversal
When gold price breaks below upward trend line (support) the xauusd market will then move downwards
How to Trade an Up xauusd trend Reversal? - Strategy for Trading a Upward XAUUSD Trend Reversal
Upward XAUUSD Trend Reversal Trading Strategy
After gold price has moved in an upward direction for an extended period of time within a xauusd up trend it reaches a point where it stops moving within the upward trend. When this happens we say that the upward trendline has been broken and this is interpreted as a xauusd upwards trend reversal signal.
Since the upward trend line is the point of support and this point of support has been broken after a xauusd up trendline break - then we expect the gold price to move downwards towards the opposite direction and this is interpreted as a xauusd up trend reversal signal.
This xauusd reversal signal can be combined with the double top reversal chart patterns explained below:
Combining Upwards XAUUSD Trend Line Reversal Signals with Double Tops Reversal Chart Patterns
A good trade setup to combine xauusd upward trend reversal setup with is the double top chart patterns - Double Top Reversal Chart patterns Tutorial.
Double top reversal patterns setup should already have formed before the up xauusd trend-line break trading signal. Because these double top are also reversal xauusd signals, then combining these two xauusd trend reversal setups will give xauusd traders a good probability of avoiding a xauusd whipsaw.
In the above xauusd upward trend reversal setup these double tops reversal setups can be confirmed to have formed even before the trend line reversal gold trading signal popped up.
Example of Upward Direction Reversal - the Double tops reversal chart pattern had already formed before upward trendline break signal appeared on the gold chart.
Combining Upward XAUUSD Trend Line Reversal Signals with Double Tops Reversal Chart Patterns
