signal strength 1 of 5
The Double Top reversal pattern has been formed on GBPUSD M5. Characteristics: the upper boundary 1.3293; the lower boundary 1.3278; the width of the pattern is 15 points. Sell trades are better to be opened below the lower boundary 1.3278 with a possible movements towards the 1.3263 level.
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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The Double Bottom pattern has been formed on GBPCHF M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on NZDCHF M30. Characteristics: the support level 0.4493; the resistance level 0.4505; the width of the pattern 12 points. If the resistance level
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According to the chart of M30, NZDUSD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.5601 while the median line of the Neck is found
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