signal strength 1 of 5
On the chart of GBPUSD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.3447; the lower boundary 1.3428; the width of the pattern 19 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.3413 level.
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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The Triple Top pattern has formed on the chart of the NZDCHF M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -1, support level -2
The M5 and M15 time frames may have more false entry points.
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According to the chart of D1, GBPUSD formed the Head and Shoulders pattern. The Head’s top is set at 1.3787 while the median line of the Neck is found
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The Double Top pattern has been formed on AUDJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 96.79
The M5 and M15 time frames may have more false entry points.
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