signal strength 1 of 5
On the chart of EURUSD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.1417; the lower boundary 1.1408; the width of the pattern 9 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.1393 level.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
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- Triple top
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The Triple Top pattern has formed on the chart of the GBPJPY M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, GBPUSD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.3369 is likely to encourage a continuation
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on GBPAUD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 2.0958
The M5 and M15 time frames may have more false entry points.
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