signal strength 1 of 5
The Double Top pattern has been formed on AUDUSD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.6399 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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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- AUDCAD
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The Double Top reversal pattern has been formed on AUDJPY H1. Characteristics: the upper boundary 93.08; the lower boundary 92.77; the width of the pattern is 34 points. Sell trades
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The Double Bottom pattern has been formed on EURCAD H1. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should
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The Double Top reversal pattern has been formed on NZDCHF H1. Characteristics: the upper boundary 0.4945; the lower boundary 0.4933; the width of the pattern is 12 points. Sell trades
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