signal strength 3 of 5
On the chart of USDJPY M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 145.23; the lower boundary 144.75; the width of the pattern 48 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 144.45 level.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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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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