signal strength 2 of 5
The Double Top pattern has been formed on GBPJPY M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 193.33 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 M5, GBPAUD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 2.0803 and 2.0782 are the coordinates
The M5 and M15 time frames may have more false entry points.
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The Triple Top pattern has formed on the chart of the AUDCAD M30 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 0, support level -8
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According to the chart of H1, AUDJPY formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 96.11 - 0.00
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