signal strength 2 of 5
The Double Top reversal pattern has been formed on USDJPY M15. Characteristics: the upper boundary 143.46; the lower boundary 143.17; the width of the pattern is 29 points. Sell trades are better to be opened below the lower boundary 143.17 with a possible movements towards the 142.95 level.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The Double Bottom pattern has been formed on AUDCHF M5; the upper boundary is 0.5288; the lower boundary is 0.5260. The width of the pattern is 27 points. In case
The M5 and M15 time frames may have more false entry points.
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The technical pattern called Head and Shoulders has appeared on the chart of AUDUSD M5. There are weighty reasons to suggest that the price will surpass the Neckline 0.6497/0.6497 after
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, EURJPY formed the Head and Shoulders pattern. The Head’s top is set at 166.56 while the median line of the Neck is found
The M5 and M15 time frames may have more false entry points.
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