signal strength 1 of 5
The Double Top reversal pattern has been formed on GBPUSD M5. Characteristics: the upper boundary 1.3357; the lower boundary 1.3322; the width of the pattern is 34 points. Sell trades are better to be opened below the lower boundary 1.3322 with a possible movements towards the 1.3307 level.
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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The Triple Bottom pattern has formed on the chart of USDJPY M5. Features of the pattern: The lower line of the pattern has coordinates 142.75 with the upper limit 142.75/142.69
The M5 and M15 time frames may have more false entry points.
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The Triple Bottom pattern has formed on the chart of the USDCHF M30 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case
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According to the chart of M5, NZDJPY formed the Head and Shoulders pattern. The Head’s top is set at 86.21 while the median line of the Neck is found
The M5 and M15 time frames may have more false entry points.
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