signal strength 4 of 5
According to the chart of H1, USDJPY formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 144.21, the lower border is 142.08. The signal means that a short position should be opened after fixing a price below the lower border 142.08 of the Bearish Rectangle.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The Double Top pattern has been formed on SILVER M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 32.97
The M5 and M15 time frames may have more false entry points.
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The Bullish pennant pattern is formed on the GOLD M15 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high
The M5 and M15 time frames may have more false entry points.
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On the chart of AUDCHF M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.5301; the lower boundary 0.5289; the width of the pattern 12 points
The M5 and M15 time frames may have more false entry points.
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