signal strength 2 of 5
The Double Top reversal pattern has been formed on GBPJPY M15. Characteristics: the upper boundary 199.95; the lower boundary 199.63; the width of the pattern is 30 points. Sell trades are better to be opened below the lower boundary 199.63 with a possible movements towards the 199.40 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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- GBPAUD
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- GBPJPY
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- USDCAD
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The Double Bottom pattern has been formed on NZDCHF H1. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
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The Bearish Flag pattern has been formed on the chart GBPAUD M5. Therefore, the downwards trend is likely to continue in the nearest term. As soon as the price breaks
The M5 and M15 time frames may have more false entry points.
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The Bearish pennant pattern has formed on the GBPAUD M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 2.0424 is broken through. Recommendations: Place
The M5 and M15 time frames may have more false entry points.
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