signal strength 1 of 5
The Double Bottom pattern has been formed on EURJPY M5; the upper boundary is 160.40; the lower boundary is 159.97. The width of the pattern is 39 points. In case of a break of the upper boundary 160.40, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.
The M5 and M15 time frames may have more false entry points.
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- Flag
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- Triple top
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The Double Top pattern has been formed on AUDCAD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.8907
The M5 and M15 time frames may have more false entry points.
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According to M30, EURUSD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 1.1233/1.1229 is broken out, the instrument is likely to move toward
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According to the chart of M30, GBPUSD produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 1.3211 while the median line of the Neck
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