signal strength 1 of 5
According to the chart of M5, GBPJPY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 188.44, the lower border is 188.18. The signal means that a long position should be opened above the upper border 188.44 of the Bullish Rectangle.
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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- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
- GOLD
- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
- SILVER
- USDCAD
- USDCHF
- USDJPY
- USDRUB
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- M5
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The Double Top reversal pattern has been formed on AUDCAD H1. Characteristics: the upper boundary 0.9187; the lower boundary 0.9170; the width of the pattern is 16 points. Sell trades
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The Double Top reversal pattern has been formed on GBPJPY M30. Characteristics: the upper boundary 201.14; the lower boundary 200.86; the width of the pattern is 30 points. Sell trades
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The Double Top pattern has been formed on GBPUSD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.3056
The M5 and M15 time frames may have more false entry points.
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