signal strength 1 of 5
According to the chart of M5, GOLD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 3310.89 – 3310.89 and upper border 3318.52 – 3318.52. In case the upper border is broken, the instrument is likely to follow the upward trend.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
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- Pennant
- Rectangle
- Triangle
- Triple top
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The Double Top reversal pattern has been formed on USDCAD M5. Characteristics: the upper boundary 1.3859; the lower boundary 1.3847; the width of the pattern is 13 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on GBPCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.1171
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on USDCAD M5. Characteristics: the upper boundary 1.3859; the lower boundary 1.3844; the width of the pattern is 14 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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