signal strength 1 of 5
The Double Top reversal pattern has been formed on EURCHF M5. Characteristics: the upper boundary 0.9352; the lower boundary 0.9341; the width of the pattern is 12 points. Sell trades are better to be opened below the lower boundary 0.9341 with a possible movements towards the 0.9326 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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- AUDCAD
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- GBPAUD
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- GBPJPY
- GBPUSD
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- NZDUSD
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- USDCAD
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According to the chart of M15, GBPCHF formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.0792/1.0800 whereas the upper border goes across 1.0809/1.0800
The M5 and M15 time frames may have more false entry points.
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According to the chart of M15, NZDJPY formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 86.81/87.02 whereas the upper border goes across 87.24/87.02
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on AUDCHF H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5254
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