signal strength 2 of 5
The Double Top pattern has been formed on GBPCHF M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.1008 is broken, the downward movement will continue.
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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According to the chart of M30, NZDUSD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.5959 is breached. Here
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The USDCAD M30 formed the Head and Shoulders pattern with the following features: The Head’s top is at 1.3729, the Neckline and the upward angle are at 1.3706/1.3704. The formation
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The Triple Bottom pattern has formed on the chart of the NZDCAD M15 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case
The M5 and M15 time frames may have more false entry points.
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