signal strength 3 of 5
On the chart of EURJPY M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 162.23; the lower boundary 161.48; the width of the pattern 75 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 161.18 level.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The Double Bottom pattern has been formed on GBPJPY M15. Characteristics: the support level 198.25; the resistance level 198.50; the width of the pattern 25 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on NZDUSD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5874
The M5 and M15 time frames may have more false entry points.
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The Bearish Flag pattern has been formed on GBPAUD at M5. The lower boundary of the pattern is located at 2.0668/2.0672 while the upper boundary lies at 2.0672/2.0676. The projection
The M5 and M15 time frames may have more false entry points.
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