signal strength 1 of 5
On the chart of AUDCHF M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5305; the lower boundary 0.5280; the width of the pattern 25 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.5265 level.
The M5 and M15 time frames may have more false entry points.
See Also
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- Triple top
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The Double Top pattern has been formed on GBPJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 193.01
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on EURCAD M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.5720
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According to the chart of M5, NZDUSD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.5921 is breached. Here
The M5 and M15 time frames may have more false entry points.
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