signal strength 1 of 5
On the chart of USDCAD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.4331; the lower boundary 1.4319; the width of the pattern 12 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.4304 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
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
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- GBPCHF
- GBPJPY
- GBPUSD
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- NZDCHF
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- NZDUSD
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- USDRUB
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The Triple Bottom pattern has formed on the chart of the GBPJPY M15 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case
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 Inverse Head and Shoulder pattern. The Head’s top is set at 84.77 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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The Double Bottom pattern has been formed on GBPJPY M30; the upper boundary is 193.24; the lower boundary is 192.29. The width of the pattern is 96 points. In case
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