signal strength 1 of 5
According to the chart of M5, GBPAUD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 2.0840 and support 2.0774. In case the resistance level 2.0840 - 2.0840 is broken, the instrument is likely to follow the bullish trend.
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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- AUDCHF
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The Double Top pattern has been formed on AUDJPY M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 91.59
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on NZDJPY M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 84.66
The M5 and M15 time frames may have more false entry points.
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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 192.83
The M5 and M15 time frames may have more false entry points.
Open chart in a new window
