signal strength 2 of 5
On the chart of USDJPY M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 148.13; the lower boundary 147.71; the width of the pattern 42 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 147.49 level.
The M5 and M15 time frames may have more false entry points.
See Also
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According to the chart of M5, USDCHF formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.8365/0.8361
The M5 and M15 time frames may have more false entry points.
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According to the chart of H1, GBPAUD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 2.0676/2.0737 whereas the upper border goes across 2.0811/2.0737
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The Double Top pattern has been formed on USDJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 145.24
The M5 and M15 time frames may have more false entry points.
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