signal strength 1 of 5
On the chart of EURUSD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.1726; the lower boundary 1.1707; the width of the pattern 19 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.1692 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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- Triangle
- Triple top
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The Triple Bottom pattern has formed on the chart of AUDJPY M5. Features of the pattern: The lower line of the pattern has coordinates 95.92 with the upper limit 95.92/95.90
The M5 and M15 time frames may have more false entry points.
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The Bearish Flag pattern has been formed on the chart AUDJPY M5 which signals that the downward trend will continue. If the price breaks below the low at 95.83, then
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 2.0828
The M5 and M15 time frames may have more false entry points.
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