OmiseGo How to Trade

Based on the 4H chart we can see a double top chart pattern. It belongs to a reversal group of chart patterns. We should expect for downward movement to 5.5000 level at least. This is a support level which can stop and reverse the market. Also the uptrend line is an additional support in this zone. We must be ready to open long trades based on a confirmed reversal signal. Stop orders must be placed below the local swing low. If the market drops below 5.5000 level, we'll get a confirmation of the double top pattern. The market will drop to 3.7000 support level. If the market bounces from this level, it will be a new trading opportunity.