signal strength 1 of 5
The Double Top reversal pattern has been formed on EURJPY M5. Characteristics: the upper boundary 162.71; the lower boundary 162.61; the width of the pattern is 11 points. Sell trades are better to be opened below the lower boundary 162.61 with a possible movements towards the 162.46 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
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- Triple top
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The Double Top pattern has been formed on AUDUSD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.6473
The M5 and M15 time frames may have more false entry points.
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On the chart of SILVER M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 36.03; the lower boundary 35.87; the width of the pattern 170 points
The M5 and M15 time frames may have more false entry points.
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According to M5, USDCHF is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.8169/0.8165 is broken out, the instrument is likely to move toward
The M5 and M15 time frames may have more false entry points.
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