signal strength 1 of 5
The Double Top reversal pattern has been formed on NZDUSD M5. Characteristics: the upper boundary 0.5934; the lower boundary 0.5925; the width of the pattern is 10 points. Sell trades are better to be opened below the lower boundary 0.5925 with a possible movements towards the 0.5910 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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According to the chart of M5, GBPJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 193.20, the lower border is 192.99. 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, EURCAD formed the Head and Shoulders pattern. The Head’s top is set at 1.5714 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 Top pattern has been formed on GBPUSD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.3366
The M5 and M15 time frames may have more false entry points.
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