signal strength 2 of 5
The Double Top reversal pattern has been formed on GBPAUD M15. Characteristics: the upper boundary 2.0989; the lower boundary 2.0968; the width of the pattern is 20 points. Sell trades are better to be opened below the lower boundary 2.0968 with a possible movements towards the 2.0945 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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According to the chart of M5, AUDJPY formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 95.99, the lower border is 95.89. The signal means
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, GBPJPY formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 199.54 is breached. Here
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, AUDJPY formed the Head and Shoulders pattern. The Head’s top is set at 95.98 while the median line of the Neck is found
The M5 and M15 time frames may have more false entry points.
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