signal strength 1 of 5
The Double Top reversal pattern has been formed on GBPAUD M5. Characteristics: the upper boundary 2.0984; the lower boundary 2.0964; the width of the pattern is 19 points. Sell trades are better to be opened below the lower boundary 2.0964 with a possible movements towards the 2.0949 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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- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
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- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
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- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
- SILVER
- USDCAD
- USDCHF
- USDJPY
- USDRUB
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- M5
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According to the chart of D1, GBPUSD formed the Head and Shoulders pattern. The Head’s top is set at 1.3787 while the median line of the Neck is found
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The Double Top pattern has been formed on AUDJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 96.79
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on NZDUSD 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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