signal strength 4 of 5
On the chart of GBPCHF H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.1069; the lower boundary 1.1025; the width of the pattern 44 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.0985 level.
See Also
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- Double Top
- Flag
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- Pennant
- Rectangle
- Triangle
- Triple top
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The Double Bottom pattern has been formed on GBPCHF M15. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on EURCHF M15. Characteristics: the support level 0.9307; the resistance level 0.9330; the width of the pattern 23 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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According to the chart of M5, NZDCAD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.8254/0.8212
The M5 and M15 time frames may have more false entry points.
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