signal strength 1 of 5
The Double Top reversal pattern has been formed on EURJPY M5. Characteristics: the upper boundary 162.63; the lower boundary 162.42; the width of the pattern is 21 points. Sell trades are better to be opened below the lower boundary 162.42 with a possible movements towards the 162.27 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 H1, AUDUSD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.6315 while the median line of the Neck is found
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The Double Bottom pattern has been formed on EURUSD M5; the upper boundary is 1.0861; the lower boundary is 1.0810. The width of the pattern is 50 points. In case
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, GBPAUD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 2.0619/2.0611
The M5 and M15 time frames may have more false entry points.
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