signal strength 3 of 5
According to the chart of M30, USDCHF formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8171 - 0.0000 and support 0.8155 – 0.8155. In case the resistance level 0.8155 - 0.8155 is broken, the instrument is likely to follow the bearish trend.
See Also
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- #AMZN
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- #KO
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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
- M15
- M30
- H1
- D1
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- 1
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- 5
On the chart of GBPJPY M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 198.42; the lower boundary 198.21; the width of the pattern 21 points
The M5 and M15 time frames may have more false entry points.
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According to M30, GBPAUD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 2.0496/2.0502 is broken out, the instrument is likely to move toward
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The Double Top pattern has been formed on AUDCHF M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5238
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