signal strength 1 of 5
The Double Top pattern has been formed on EURJPY M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 169.07 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
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- Pennant
- Rectangle
- Triangle
- Triple top
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According to the chart of M5, NZDUSD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.5859
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on AUDJPY M15; the upper boundary is 96.61; the lower boundary is 96.52. The width of the pattern is 10 points. In case
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on AUDJPY M5. Characteristics: the support level 96.51; the resistance level 96.61; the width of the pattern 10 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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