signal strength 1 of 5

The Double Top pattern has been formed on GBPUSD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.3317 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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On the chart of #AMZN M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 206.53; the lower boundary 204.48; the width of the pattern 205 points
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowOn the chart of #AMZN M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 206.53; the lower boundary 205.98; the width of the pattern 55 points
The M5 and M15 time frames may have more false entry points.
Open chart in a new windowThe Triple Bottom pattern has been formed on GBPAUD M5. It has the following characteristics: resistance level 2.0685/2.0684; support level 2.0672/2.0670; the width is 13 points. In the event
The M5 and M15 time frames may have more false entry points.
Open chart in a new window