signal strength 1 of 5

The Double Top pattern has been formed on GBPCHF M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.0888 is broken, the downward movement will continue.
The M5 and M15 time frames may have more false entry points.
See Also
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- Pennant
- Rectangle
- Triangle
- Triple top
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The Double Bottom pattern has been formed on EURCHF M30. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
Open chart in a new windowAccording to M30, USDCHF is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.8233/0.8233 is broken out, the instrument is likely to move toward
Open chart in a new windowThe Double Bottom pattern has been formed on EURUSD M5. Characteristics: the support level 1.1343; the resistance level 1.1350; the width of the pattern 7 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
Open chart in a new window