signal strength 1 of 5
On the chart of NZDUSD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.6004; the lower boundary 0.5998; the width of the pattern 6 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.5983 level.
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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- Triple top
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According to the chart of M15, AUDUSD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.6451/0.6469 whereas the upper border goes across 0.6490/0.6469
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 195.00
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on GBPUSD M15; the upper boundary is 1.3280; the lower boundary is 1.3271. The width of the pattern is 8 points. In case
The M5 and M15 time frames may have more false entry points.
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