signal strength 3 of 5
The Double Bottom pattern has been formed on NZDUSD M30; the upper boundary is 0.5947; the lower boundary is 0.5935. The width of the pattern is 12 points. In case of a break of the upper boundary 0.5947, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.
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- Triple top
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The Double Top reversal pattern has been formed on NZDJPY H1. Characteristics: the upper boundary 86.42; the lower boundary 86.09; the width of the pattern is 34 points. Sell trades
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The Double Top pattern has been formed on NZDCAD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.8112
The M5 and M15 time frames may have more false entry points.
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On the chart of GBPJPY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 199.49; the lower boundary 199.31; the width of the pattern 18 points
The M5 and M15 time frames may have more false entry points.
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